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BRIEF-S&P downgrades Province of Saskatchewan to 'AA' from 'AA+'
June 21, 2017 / 9:40 PM / 5 months ago

BRIEF-S&P downgrades Province of Saskatchewan to 'AA' from 'AA+'

June 21 (Reuters) - S&P:

* Says Province of Saskatchewan downgraded to ‘AA’ from ‘AA+’ on increasing debt and weak budgetary performance

* Says weaker commodity prices, elevated capital spending negatively affecting Province of Saskatchewan’s budgetary performance and debt burden

* Says stable outlook reflects expectation that, in the next 2 years, Saskatchewan's budgetary performance will continue to stabilize Source text - (bit.ly/2rWmIeu)

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