Moody’s ad­justs credit out­look for Al­berta to neg­a­tive

The Guardian (Charlottetown) - - BUSINESS -

ED­MON­TON — A se­cond ma­jor bond rat­ing agency has ad­justed its credit out­look for Al­berta. Moody’s has changed the out­look to neg­a­tive from sta­ble, but Al­berta re­tains its triple-A rat­ing. The agency says the ad­justed out­look re­flects the risk to the prov­ince’s fi­nances from oil prices. Tank­ing oil prices have hit the prov­ince hard. This year’s bud­get calls for a deficit of more than $6 bil­lion and thou­sands of oil­patch work­ers have been laid off.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.