The global credit rating agency DBRS Morningstar says Alberta hasn't done enough to respond to economic pressures from the COVID-19 outbreak and the subsequent plunging price of oil.
The Toronto-based firm said Thursday that it had decreased Alberta's credit rating from AA to AA low, citing the provincial government's lack of a "full fiscal policy response" to incoming pressure.
Travis Shaw, senior vice-president of public finance at DBRS, said the Alberta government's recent budget now seems "long past."
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