Alberta's plan to relaunch its economy is taking a hit right out of the starting gate.

Finance Minister Travis Toews says the previous NDP government is to blame for Moody's Investors Service downgrading Alberta's credit rating on Tuesday.

There was more bad news for Alberta's economy on Wednesday as DBRS Limited downgraded the province's credit rating from AA (high) to AA.

An agency is maintaining Alberta's credit rating but says the outlook for the long-term is negative because of the government's unwillingness to deal with its deficit and growing debt.

City CFO says Alberta credit rating downgrade won't have an impact on the city's ability to borrow money.

Standard and Poor's Global Ratings has downgraded Alberta's credit rating from "AA" status to an "A+."

Alberta Finance Minister Joe Ceci said Monday his government plans to stay the course when it comes to its finances, even if there's a chance the province's credit rate could be further downgraded.

Alberta Finance Minister Joe Ceci says the province's debt is "manageable" despite criticism from credit rating agencies following last week's budget announcement.

Standard & Poor's has changed the province's rating from double-A-plus to double-A.

U.S. bond rating giant Standard and Poor's knocked Alberta off its top-ranked AAA credit rating perch Friday, but Finance Minister Joe Ceci says he is sticking to the current spend-heavy economic growth plan.