Moody’s downgrades Ontario’s credit rating
The Alex Pierson Show · 640 Toronto / Curiouscast
December 14, 201810m 18s
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Show Notes
Alex is joined by Lyle Stein, Managing Director, Senior Portfolio Manager, to take a closer look at why bond rating agency Moody’s has downgraded the province of Ontario’s credit rating. The agency announced the downgrade from Aa3 to Aa2, 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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