Moody’s Ratings has issued a new warning about the state of New Brunswick’s finances.
The global credit rating agency changed its outlook for the eastern province from stable to negative, lowering its baseline credit assessment from AA2 to AA3.
Moody’s says the change reflects risks in the province’s fiscal trajectory and its ability to generate revenue.
The agency says revenue growth is expected to remain weak due to U.S. tariffs and lower population growth tied to stringent federal immigration policies.
It also warns that if the province doesn’t rein in its spending as planned, it will put additional pressure on its fiscal position….