Credit Rating Report

British Columbia, Province of: Rating Report

Sub-Sovereign Governments, Utilities & Independent Power

Summary

DBRS Limited (DBRS) confirmed the Issuer Rating, Long-Term Debt rating and Renminbi Bonds rating of the Province of British Columbia (B.C. or the Province) at AA (high) and the Short-Term Debt rating at R-1 (high). All trends are Stable. The ratings remain well supported by the Province’s diverse and growing economy, positive budget outlook, ample fiscal capacity and low debt burden.