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TORONTO, April 25 (Reuters) – Credit rating agency Standard
& Poor’s lowered its outlook on the Canadian province of
Ontario’s debt ratings to “negative” from “stable” on Wednesday
to reflect the challenge the province’s minority Liberal
government faces in containing costs over the next few years.
The revised outlook on Ontario’s AA- rated debt follows a
similar move by Moody’s in December. The government announced
forecasts for lower budget deficits on Wednesday and said the
budget will be in surplus in 2017-18.
