Moody’s downgrades credit ratings of 3 Ontario hospitals, Ryerson University, others because of Ontario deficit

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Moody’s announced last week it was downgrading the province’s credit rating from Aa2 to Aa3, citing Ontario’s $14.5-billion deficit in 2018-2019 and predictions of future deficits.

 

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The same moodys that gave false high ratings for junk bonds in 2007? Ya, I thought so.

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