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Moody's downgrades New Brunswick's outlook to negative due to weak revenue, population decline, and a projected $1.4B deficit.
Moody’s Ratings downgraded New Brunswick’s outlook to negative and lowered its credit rating, citing weak revenue growth, declining population, and a projected $1.4 billion deficit.
The agency also flagged financial challenges at NB Power and noted the province will face two more years of deficits, delaying a return to balanced finances.
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Moody's rebaja las perspectivas de New Brunswick a negativo debido a los débiles ingresos, la disminución de la población y un déficit proyectado de $ 1.4B.