BEIJING, April 25 (Reuters) - China's Dagong Global Credit Rating Co, one of the country's major ratings firms, on Wednesday cut the credit outlook of Canada to negative, citing a slowdown in the Canadian economy and relatively high risks in its real estate market.
A persistently high fiscal deficit was also one of the reasons for the downgrade, Dagong said in a statement.
The agency kept its ratings for Canada's local and foreign currency ratings at AA+.