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British Columbia's credit rating downgraded by S&P to A due to large deficits.
British Columbia's credit rating was downgraded by Standard & Poor's to A from A-plus, marking the fifth such cut since 2021.
Following a similar move by Moody's, the agency cited persistent large deficits and a lack of a clear plan to balance the budget.
Economist Jairo Yunis warned the repeated downgrades increase borrowing costs and could deter business investment, while Premier David Eby defended the government's focus on residents.
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La calificación crediticia de British Columbia fue rebajada por S&P a A debido a grandes déficits.