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
Moody’s reduces outlook on BC debt from “stable” to “negative”
December 12, 2012 by
Moody's Investor Service is lowering its outlook on BC's 39 billion dollars worth of debt, from "stable" to "negative". Moody's says BC is taking a hit because of low natural gas prices. It goes on to say despite the challenging financial situation, BC has the needed flexibility to recover. CKNW Vancouver News … [Read more...]
