The City of Vancouver says they will continue to borrow money as needed for capital projects, despite a downgrading in their credit rating. Moody's lowered Vancouver from Triple "A" Stable status, to Triple "A" Negative, a day after knocking down the provincial rating. Councillor Raymond Louie calls the city a victim of provincial activity. "The … [Read more...]
City of Vancouver credit status lowered by Moody’s following Provincial downgrade
December 13, 2012 by