Overview
- The agency cut the province to Aa1 from Aa2 and maintained a negative outlook.
- The 2026–27 budget projects a $13.3 billion shortfall on a $98.83 billion operating plan.
- Moody’s forecasts net debt at about $178.5 billion this year, rising to roughly $230 billion by 2028–29.
- Debt-servicing is projected to climb to 6% of revenue in 2026–27 and 7.9% by 2028–29, raising borrowing costs for programs and projects.
- Premier David Eby defended prioritizing services as the opposition demanded restraint, and Morningstar DBRS signalled a review that could lead to further action.