Nunavut, Government of: Rating Report

DBRS Limited (DBRS Morningstar) confirmed the Government of Nunavut’s (Nunavut or the Territory) Issuer Rating at AA (low) with a Stable trend. The rating is supported by the strong institutional framework that decouples the government’s finances from a weak underlying economy and results in stable government finances and a low debt burden. The Stable trend reflects DBRS Morningstar’s view that the Territory's fiscal performance is expected to remain manageable and the debt burden low.