Quebec Credit Rating Downgrade Creates Fiscal Uncertainty
Thursday, April 17, 2025, 4:20 am
Two stories report on the unexpected downgrade of Quebec’s credit rating by Standard & Poor’s, marking a dramatic shift in the province’s fiscal outlook. The downgrade, attributed to decades of ongoing deficits and high debt levels, has delivered a severe blow to the provincial government under Premier Legault, triggering widespread concerns about fiscal management and economic stability. The narratives discuss the immediate negative impact on the credibility of Quebec’s financial standing and highlight mounting calls for urgent fiscal and policy reforms.
Reddit: r/Quebec
Bluesky: @lapresse.ca, @lapresse.ca
La décote du Québec – une première en 30 ans – prouve que la Coalition avenir Québec (CAQ) de François Legault est incapable de gérer les finances publiques, ont dénoncé les partis d’opposition, jeudi.
C’est une première en 30 ans. Et c’est l’une des pires nouvelles que peut recevoir un gouvernement.
Nous sommes au début des années 1990. Québec empile déficit par-dessus déficit depuis 40 ans. Alors que la province est endettée au maximum, l’agence d’évaluation Standard & Poor’s lui jette un seau d’eau froide au visage en abaissant sa cote de crédit, de AA- à A+.
permalink / 3 stories from sources in 7 weeks ago
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