[Newsbot]

Title: Alberta credit rating downgraded by Standard and Poor's
Category: Business
Posted By: martin14
Date: 2015-12-18 23:57:01
Canadian

[martin14]

The start of several downgrades.

Will make all that dipper borrowing more expensive, too.

[herbie]

yep

[andyt]

Not quite accurate. This is self caused. You'd need a guy in robes being the one putting the stick in the spokes, but numbnuts on the bike still blaming the NDP.

[peck420]

andyt andyt:

Not quite accurate. This is self caused. You'd need a guy in robes being the one putting the stick in the spokes, but numbnuts on the bike still blaming the NDP.

No it's not.

This is nothing more than a rating company jumping the gun, to help their perceived favourites.

Many areas racked up way more debt, even coupled with faster decreases in revenues...S&P didn't budge their ratings at all. And, those types of inconsistencies are why...actual investors don't even look at these ratings.

By the numbers, Alberta is still (and will be for quite some time) leagues ahead of many of S&P's AAA rated establishments. Funny that. And those numbers are what investors will look at.

[Thanos]

S&P fucked up enough things of their own back during the 2008 meltdown that they shouldn't be listened to by anyone anymore. Created by Dippers or by PC's Alberta's debt is nothing compared to what Ontario and Quebec have done because when those two governments eventually default someday it'll bring the whole country, and a good chunk of the Western economic system, down.