Moody’s adjusts credit outlook for Alberta to negative

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.