Fitch lowers Alberta credit rating, cites concerns on heavy borrowing

Alberta’s plan to relaunch its economy is taking a hit right out of the starting gate. The United States-based Fitch rating agency has announced it’s reducing Alberta’s credit rating to AA- from AA. Fitch cites a concern with sharply higher…

Onex’s purchase of WestJet prompts Moody’s credit ratings review for possible downgrade

Onex Corp.’s purchase of WestJet Airlines Ltd. has prompted Moody’s Investors Service to place two of the carrier’s credit ratings under review for possible downgrade. The rating agency says it expects Onex to download some of the $5-billion acquisition cost,…