US EditionDouble blow as S&P and Moody’s downgrade B.C.‘s credit rating again, citing deficit
- British Columbia's credit rating was downgraded by S&P Global to A+ from AA- for the fourth time in four years, due to considerable deficits and debt accumulation.
- The provincial government announced a record deficit of almost $11 billion, according to the March budget forecast from Finance Minister Brenda Bailey.
- Premier David Eby noted that lobbying efforts against tariffs may be effective, despite ongoing uncertainty about economic impacts.
- Moody's Ratings also downgraded aspects of British Columbia's credit profile, highlighting larger deficits and higher levels of debt than previously projected.
33 Articles
33 Articles
BC’s Credit Rating Downgraded by S&P and Moody’s, Citing Deficit
Credit rating agencies S&P and Moody’s have both downgraded British Columbia’s rating on the same day, citing the province’s ballooning deficit and the apparent lack of a plan to dig the province out of its fiscal hole. S&P Global Ratings cut the province’s long-term issuer credit rating to A+ from AA- on Wednesday, while Moody’s Ratings downgraded its key baseline assessment to aa2 from aa1. Moody’s said in a news release that its downgrade ref…
Double blow as S&P and Moody’s downgrade B.C.’s credit rating again, citing deficit
Credit rating agencies S&P and Moody’s have both downgraded British Columbia’s rating on the same day, citing the province’s ballooning deficit and the apparent lack of a plan to dig the province out of its fiscal hole.
Double blow as S&P and Moody’s downgrade B.C.‘s credit rating again, citing deficit
VICTORIA - Credit rating agencies S&P and Moody's have both downgraded British Columbia's rating on the same day, citing the province's ballooning deficit and the apparent lack of a plan
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