Moody's Lowers New Brunswick's BCA, Cites Fiscal Strain and Trade Uncertainty
Moody's Investors Service lowered the Province of New Brunswick's baseline credit assessment (BCA) from aa2 to aa3 and shifted the outlook to negative, while maintaining the province's Aa1 and (P)Aa1 long-term senior unsecured and shelf ratings. The agency pointed to mounting fiscal pressures driven by weaker revenue growth, trade uncertainty with …