Saskatchewan's credit rating cut: Standard and Poor’s cites low commodity prices

REGINA — Weak commodity prices and higher government capital spending have prompted Standard and Poor’s to downgrade Saskatchewan’s credit rating.
The agency says it has lowered the rating to double-A from double-A plus.
Standard and Poor’s says the downgrade reflects Saskatchewan’s weakened budget performance and growing debt thanks to low oil, natural gas and potash prices.
The agency says despite some tax reforms and cuts in the government’s recent budget,