B.C. Minister of Finance Brenda Bailey tables the provincial budget as Premier David Eby looks on in the assembly at legislature in Victoria on Feb. 17, 2026. The Canadian Press/Chad Hipolito
A global credit rating agency has downgraded British Columbia’s credit rating for the second time in two years after the province’s budget projected a record $13.3 billion deficit and rising debt in the coming fiscal year.
In a news release on March 19, Moody’s Ratings said it had lowered B.C.’s baseline credit assessment (BCA) from Aa2 to A1. A year ago in April, Moody’s had downgraded the province’s BCA from Aa1 to Aa2.
