B.C.’s credit rating takes 2 high-profile hits on the same day
B.C.’s credit rating takes 2 high-profile hits on the same day
First Standard and Poor’s, then Moody’s lower province’s credit score
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“We believe that the province’s commitment to fiscal discipline and stability has wavered in recent years as B.C. has materially increased its spending for both operations and capital investment to unparalleled levels, while economic growth is slowing,” S&P said in its analysis.
So, punishment for Keynesianism? Is this that foreign interference I've been hearing about?
Surely Moody's would never utilize it's credit ratings dishonestly.
It surely has nothing to do with the politics of the government in charge.
Given that under the BC Liberals/United we maintained a $5-15 billion deficit every year and it was never an issue.
All of a sudden in an election year when the BC Liberals/United are a distant 3rd place too.