Standard and Poor's has downgraded Alberta's credit rating for the second time in five months. Earlier this year, DBRS and Moody's rating agencies downgraded Alberta's triple-A credit rating. The bond rating agency has dropped Alberta's rating from AA+ to AA. Salary cuts, not sales tax, says WildroseWhen asked if the government should introduce a sales tax to stop the credit downgrades, Jean said they should cut salaries instead. Standard and Poor's says the province will need to implement a sales tax "to halt weakening finances" unless there is a major rebound in resource revenues.

Source: CBC News May 19, 2016 15:18 UTC