Moody's has changed its outlook for New Brunswick from stable to negative

The New Brunswick flag flies in front of the Legislative Assembly Building, home of the provincial parliament, in Fredericton, Saturday, July 26, 2025. THE CANADIAN PRESS/Giordano Ciampini

FREDERICTON - New Brunswick was issued a new warning about the state of its finances Friday as Moody鈥檚 Ratings downgraded the province's fiscal outlook to negative from a prior stable status.

The global credit rating agency also lowered New Brunswick's baseline credit assessment to AA3 from AA2.

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