Financial institutions like Moody's 'buying into' European political agenda: Kenney - 2019-12-04

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F0.png Financial institutions like Moody's 'buying into' European political agenda: Kenney December 4, 2019, Adam Toy, Global News

Jason Kenney fired back at Moody's Investors Service Wednesday after Alberta's credit rating was downgraded the day before.

The international credit rating service had cited "a structural weakness in the provincial economy that remains concentrated and dependent on non-renewable resources — primarily oil — which causes volatility in financial performance, and remains pressured by a lack of sufficient pipeline capacity to transport oil efficiently with no near-term expectation of a significant rebound in oil-related investments."

"The bigger challenge we have is, increasingly, financial institutions — and this apparently includes Moody's — are buying into the political agenda emanating from Europe, which is trying to stigmatize development of hydrocarbon energy. And I just think they are completely factually wrong."

Wikipedia cite:
{{cite news | first = Adam | last = Toy | title = Financial institutions like Moody's 'buying into' European political agenda: Kenney | url = https://globalnews.ca/news/6255402/kenney-danielle-smith-interview-moodys/ | work = Global News | date = December 4, 2019 | accessdate = December 5, 2019 }}