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

Moody’s Investors Service has upheld the triple-A credit rating and stable outlook for Saskatchewan.

On Thursday, Moody's Investors Service downgraded the province's long-term senior unsecured debt ratings to A1 from AA3. It also changed the outlook to stable from negative.

The report says it thinks municipalities should be able to weather the financial storm by using reserves or raising taxes, but some will handle it better than others.

Tuition for international students is much higher than that charged to Canadians and has become a "crucial" source of income for schools, Moody's says.

Moody's says the ruling is also credit negative for banks and other creditors but adds it's unclear how it will affect other industries and provinces going forward.

Moody's says the downgrade affects three hospitals, one public university and three other government bodies, but says it has also changed their outlooks to stable from negative.

The agency announced the downgrade from Aa3 to Aa2 today, citing the province's $14.5-billion deficit in 2018-2019 and projections that it will continue to post deficits in the coming years.

Doug Ford says he will cut rates from 11.5 per cent to 10.5 per cent to help grow the economy and create jobs.

Three people affiliated with a Chinese cyber security firm hacked into the networks of Siemens AG, Trimble Inc and Moody's Analytics to steal business secrets, U.S. prosecutors said on Monday.