- The Alberta government’s credit rating has been downgraded by an agency that cited the province’s reliance on oil revenue and what it calls its high environmental risk.
- At the same time, other economic factors, which influence oil-related revenue growth and private sector investments in the oil sector, remain outside the government’s control.
- Moody’s has also downgraded the long-term debt ratings of Alberta Capital Finance Authority and the long-term issuer rating of ATB Financial to Aa2 from Aa1.
Moody’s downgrades Alberta’s credit rating over weak economy reliant on oil
