Moody’s just changed Alberta’s credit outlook from stable to negative.
A lot has happened to Alberta’s credit forecast since the NDP dropped their budget at the end of October 2015.
Immediately after the NDP’s catastrophic tax and spend budget came out October, Moody’s declared Alberta’s budget was credit negative. That was the budget that would spell out the largest accumulation of debt in Alberta’s history, plunging us $47 billion in the hole by the end of the decade. Moody’s was trying to warn the NDP about the deficit spending road it was going down.
Moody’s said, “the lack of significant expenditure controls will maintain the province´s structural imbalances in the near-term and will result in a deterioration of provi…
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