S&P Global Ratings (S&P) has reaffirmed that the Yukon’s credit rating for 2025 is “AA Stable”. This rating means the Yukon has a very strong capacity to meet its financial commitments. Additionally, S&P maintained a stable financial outlook for the territory.
When assigning ratings to provinces and territories, S&P evaluates factors such as economic performance, financial and budgetary management, liquidity and debt burden. In its report, the agency highlighted the Yukon’s continued positive economic outlook over the coming years, along with a growing population, a rebound in tourism and limited exposure to U.S. tariffs.
S&P also noted that the Yukon continues to demonstrate sound financial management, a stable strategic direction and a close, extremely predictable and supportive relationship with the Government of Canada – an important partner in delivering on territorial capital projects.
The agency expects the Yukon to maintain stable budgetary performance over the next two years and that the territory will also be able to meet its debt servicing commitments over the next year.
This independent assessment underscores that, with a stable foundation of federal funding, the Government of Yukon is well-positioned to continue investing in key priorities such as health care, education, housing and infrastructure, as outlined in the government’s 2025–26 Fiscal and Economic Outlook.
We are very pleased to see that the Yukon has maintained its AA Stable credit rating for the 16th consecutive year. A strong fiscal foundation is essential to advancing our investments in infrastructure, health care, renewable energy and other priorities that benefit all Yukoners. S&P Global Ratings’ 2025 credit report confirms that, through sound financial management, we are well-positioned to continue building a strong future for the territory and improve the lives of Yukoners.
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S&P Global Ratings is a leading credit rating agency publishing global financial research, analysis and credit ratings.
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2025 is the 16th consecutive year that S&P has issued an AA credit rating for the Yukon.
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S&P also maintained its AA issue-level rating on Yukon Development Corporation’s senior unsecured debt.
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A credit rating assesses the ability of a borrower to repay loans and influences interest rates on an organization or jurisdiction’s borrowing. A higher credit rating generally results in more favourable interest rates and lower investment risk.
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The report was published on Wednesday, July 9, 2025.
Laura Seeley
Cabinet Communications
867-332-7627
[email protected]
Eric Clement
Communications, Finance
867-393-6482
[email protected]