The rating agency forecast Canada's real GDP growth will be 1.6% next year
Trade standoff between the U.S. and China is worsening the slowdown in GDP growth
Despite budget challenges, the province can still absorb a moderate economic and revenue shock, the agency said
Canada’s credit rating is supported by its large and diverse economy and track record of fiscal adjustment
Global economic growth forecast to slow
Outlook stable
Short-term growth outlook is positive
The sovereigns most at risk include countries with close economic and financial ties to the U.S., such as Canada, Germany and China, among others
The credit-rating agency expects Canada’s government debt ratios will remain stable in the next two years and decline thereafter
Growth, government debt ratios steady