Moody's downgrades Ontario rating to Aa2

Thu Apr 26, 2012 5:17pm EDT
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TORONTO (Reuters) - Credit rating agency Moody's downgraded Ontario's debt on Thursday following its negative outlook on the province a few months ago, just a day after competitor Standard & Poor's put Canada's most populous province on negative watch.

Moody's dropped Ontario's issuer and debt ratings to Aa2 from Aa1, with a stable outlook, bringing its score on the province more in line with the other two big rating agencies, S&P and DBRS.

(Reporting by Claire Sibonney; Editing by Jeffrey Hodgson)