S&P downgrades Alberta rating; cites fiscal uncertainty, debt

By Eric M. Johnson CALGARY, Alberta (Reuters) - S&P lowered its debt rating for Alberta To 'AA' From 'AA+' on Thursday, the latest ratings agency to downgrade the Canadian province that has struggled with the impact of tumbling oil prices. The agency, which kept its negative outlook on Alberta, said the downgrade reflects the province's very weak budgetary performance and high debt burden, which it expects to "increase rapidly" over the next three fiscal years. "The negative outlook reflects