​Moody’s warns of long-term risk from low oil prices

​Moody’s warns of long-term risk from low oil prices

​Moody’s warns of long-term risk from low oil prices Credit agency Moody’s has warned that three Canadian provinces could face budgetary issues if the oil price declines further and stays there for longer than a year. The report says that Alberta, Saskatchewan and Newfoundland and Labrador all have good credit ratings and could withstand an oil price as low as $60 a barrel for the 2015/16 financial year but longer than that would potentially hit provincial revenues hard enough to cause budget deficits.