From: brewnoserii@gmail.com   
      
   The Canadian Press -- Jul 7 2015   
      
   Fitch keeps Ontario debt rating at AA- following downgrade by S&P on Monday   
      
      
   TORONTO - A New York ratings company has affirmed Ontario's debt rating at AA-   
   and says the rating outlook for the province is stable.   
      
   Fitch Ratings says Ontario has demonstrated "the ability to exert   
   considerable, ongoing expenditure restraint while instituting revenue changes   
   as necessary to achieve its deficit reduction objectives."   
      
   However, it notes Ontario had an accumulated deficit equal to 157 per cent of   
   operating revenues in fiscal 2015 due to slow revenue growth.   
      
   The Fitch rating on Tuesday follows Standard & Poor's move on Monday to lower   
   Ontario's financial rating to A+ from AA-.   
      
   S&P cited the province's heavy debt burden and budgetary "underperformance"   
   compared with peers in other jurisdictions for the downgrade.   
      
   Finance Minister Charles Sousa welcomed the Fitch rating, saying in a   
   statement that it is "an expression of confidence" in the government's plan to   
   eliminate the deficit by 2017-18 while investing in the economy to create jobs.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)