Quebec’s credit has been lowered

S&P Global Ratings slashed the rating of Canada's second largest province, because the trade war with the United States is beginning to affect economic growth and public finances.The AA- to A+ reduction is the first reduction in S&P's foreign issuer credit rating since 1993, according to data collected by Bloomberg.The agency also cut British Columbia's rating this month.The decline in population growth, increased employee remuneration and weake…

S&P downgrades Quebec’s credit rating, citing debt and deficits

Ratings agency says slowing population growth, pay increases for public employees and lower revenues are among factors set to undermine Quebec’s fiscal standing in the next three years

The lowering of Quebec's credit rating by the S&P agency is not necessarily a slap in the face of the CAQ, says Eric Girard.

Quebec’s credit has been lowered

American credit rating agency S&P Global has downgraded Quebec’s credit rating from AA− to A+ with a stable outlook due to several factors, including “persistent operating deficits.”

S&P Downgrades Quebec for First Time Since 1990s After Budget

(Bloomberg) — S&P Global Ratings downgraded Canada’s second-largest province as the trade war with the US begins to hurt economic growth and government finances.

Quebec City: The province's credit rating is lowered by a recognized rating firm based on the Legault government's "persistent operating deficits."