Moody’s downgrades Ontario’s credit rating, citing deficit, revenue cuts under Doug Ford | Financial Post

business.financialpost.com/news/economy/moodys-downgrades-ontarios-credit-rating-from-aa3-to-aa2-citing-deficit?fbclid=IwAR2z9FLEYUOR8sJMogtjx7s-2ZECa1NTRtUkvr23qBtPeSrosUe2HNa_mCA
Bond rating agency Moody’s has downgraded the province of Ontario’s credit rating.
The agency announced the downgrade from Aa3 to Aa2 on Thursday, citing the province’s $14.5-billion deficit in 2018-2019 and projections that it will continue to post deficits in the coming years.

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