(Corrects rating to AA (high) from AA)
CALGARY, Alberta, April 15 (Reuters) - Ratings agency DBRS
downgraded the Canadian oil-producing province of Alberta one
notch to AA (high) on Friday, a day after the provincial
government forecast a budget deficit of C$10.4 billion ($8.10
billion) this fiscal year.
In a statement, DBRS said the Alberta budget confirmed a
significant fiscal shortfall, magnified by the government's
reluctance to rein in spending or adjust taxation levels and a
sizeable capital plan.
($1 = 1.2840 Canadian dollars)