It certainly could. I don't know how much time there would be between the actual rating depression and what happens in terms of the cost of capital, the cost of the borrowing for the deficits of the B.C. government. However, at the end of the day, we all know that it's the taxpayers who end up paying. The interest payments that are made every year on the debt that a government accumulates are part of the overall budget of a province or of a federal government, and that budget is covered by taxpayers and taxpayers' payments into revenue.
On April 11th, 2024. See this statement in context.