Moody’s downgrades Alberta’s credit rating over weak economy reliant on oil

Financial Post | Dec 4, 2019 at 2:26 PM
  • 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.