Thursday, November 30, 2017

ALBERTA'S CREDIT RATING CUT

Alberta has been hit with another credit downgrade one day after it confirmed it remains on track for a $10.3-billion budget deficit this year.
The credit rating agency DBRS say it has downgraded Alberta's long-term debt rating to AA from AA (high) and has adjusted or maintained other ratings indicators on a negative trend.
The agency said the downgrade reflects the high operating deficits and Alberta's rapidly accumulating debt, which is pegged to surpass $42 billion by the spring.

1 comment:

  1. Our MLA who is a NDP union potlicker only does public events in Hinton on an hours notice and the only people who know about it are the local rag and the NDP clowns. He is a union dummy who worked at West Fraser all his life and only won the last election because WR and Prentice split the vote.

    He cannot answer questions even if he has the answers on cards. But he will not have any questions to answer about this credit rating downgrade because our local rag will give him a free pass.

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