Moody’s The financial health of Canada’s provinces will deteriorate over the next 12 to 18 months due to the slowdown in their economies, but the provincial governments are still in relatively good shape, credit-rating agency Moody’s said in a report yesterday.
Moody’s attributed the provinces’ ability to withstand the declining revenues and higher expenses caused by the downturn to the fact that the provinces have reduced debt over the past few years.
Alberta and British Columbia get Moody’s highest rating of triple-A.
