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Moody’s cut Alberta’s credit rating to Aa2 from Aa1, citing the province’s reliance on revenues from the oil industry. However, the credit ratings agency upgraded Alberta’s outlook from negative to stable, reflecting the province’s overall fiscal robustness. Alberta’s reliance on the oil industry was not the only reason for the downgrade, however. In its report, the agency also noted the pipeline capacity shortage that has stumped growth in this key industry. Another reason, Moody’s said, was heightened…

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