For nearly 15 years, Alberta had a perfect "AAA" credit rating, even during a recession. Not any more.
Standard & Poor have cut it to "AA+". That's still strong but heading down, obviously.
Now every NDP apologist will say: It’s because of the low price of oil.
And S&P say that’s part of the problem.
But the new S&P report also cites the NDP's "projected weak budgetary performances in the next two years; and moderate, but rapidly rising, tax-supported debt burden."
The NDP also know they won’t be reelected in three and a half years.
They just don’t care. They plan to do maximum damage until then.
This credit rating downgrade is just the first of many.
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