Moody’s stuft die Schulden von British Columbia aufgrund anhaltender Defizitsorgen erneut herab
https://www.bloomberg.com/news/articles/2026-03-19/british-columbia-debt-downgraded-again-on-entrenched-deficit
Moody’s stuft die Schulden von British Columbia aufgrund anhaltender Defizitsorgen erneut herab
https://www.bloomberg.com/news/articles/2026-03-19/british-columbia-debt-downgraded-again-on-entrenched-deficit
14 Kommentare
Ndp should mean an automatic negative watch
Which will make debt more expensive and difficult to secure. Budgets don’t just balance themselves.
That’s what happens when we spend a significant portion of our budget on First Nations and give away revenue streams.
That’s unfortunate, we went from having the highest average credit rating in Canada to having the highest average credit rating in Canada.
And there it is. Eby degrading our ability to borrow and finance investments
Between 2008 and 2021, BC had the highest provincial credit rating in Canada at AAA. What changed in 2022?
Now people get to find out the hard way the difference between balanced budgets and austerity
Scary considering the deficit and need to borrow. That borrowing will come at a higher cost driving an even higher deficit to cover the interest payments on the debt.
Western democracies are toast, mired in a debt spiral, while regulations prevent any meaningful growth in the economy to pay for it.
Its a wonder to watch the collapse unfold in real time.
Well here we are at the inevitable
We need Carney to help streamline and reduce bloat in our BC government departments. Fire all the middle managements.
It’ll marginally increase provincial borrowing costs, but Aa2 isn’t that bad. Quebec and Alberta are already at Aa2, and Ontario is at Aa3 (worse).
Given the trajectory of downgrades over the last four years though, I imagine it could hit A1 in another four years, which is kind of a costly inflection point in terms of borrowing costs.
Lending to Eby, I would ask for some collateral myself.
We are on the right track and we will upgrade in a few years. LNG prices are skyrocketing these days which could net us $6b per year in a few years. At the same time, public capital spending will decrease by a few billion per year compared to now. Look at the major investment projects rolling out in BC that now have Carney’s full support and will finally get done.
Past governments underinvested in our province and public services for decades. Horgan and Eby got the message that people were pissed, and aggressively started playing catch up.
Housing, Education, Skytrain, and Health Care all got massive capital spending increases and now things are finally getting built that benefit us all. They are just about to open and for people to be pissed at Eby is BS. Eby is doing it right and I foresee big payoffs for us all in the next 3 years.
Still Aa!
Oh look my left leaning friends. Another downgrade. You know what happens, all the NEW deficit $s the NDP will need to borrow just got more expensive (higher interest rates). You all need to change of government here.
And MB, you’re headed the same way… And AB, if you think voting in NDP will help you, that just isn’t going to happen.