Moody’s downgrades BC credit rating as deficits pile up and debt surges

Moody’s downgrades BC’s credit rating as deficits grow, debt surges and fiscal management weakens — raising concerns about rising costs for taxpayers.

Arjan Sahota Arjan Sahota

REPORT: How BC’s credit rating impacts the taxpayer

A couple weeks ago, BC's credit rating was downgraded by S&P Global, one of the leading American credit agencies, from AA- to A+. While the topic of credit ratings may seem like high-brow finance talk, it costs BC taxpayers millions every year.

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