China’s Dagong downgrades Canada’s sovereign credit outlook to negative

China’s Dagong downgrades Canada’s sovereign credit outlook to negative
April 25, 2018 editorial-team
In Report

BEIJING – China’s Dagong Global Credit Rating Co, one of the country’s major ratings firms, on Wednesday cut the credit outlook of Canada to negative, citing a slowdown in the Canadian economy and relatively high risks in its real estate market.

A persistently high fiscal deficit was also one of the reasons for the downgrade, Dagong said in a statement.

The agency kept its ratings for Canada’s local and foreign currency ratings at AA+.

Read More: https://www.bnnbloomberg.ca/china-s-dagong-downgrades-canada-s-sovereign-credit-outlook-to-negative-1.1066712