Moody’s warns Canadian provinces on debt and credit ratings (You listening, Ontario?)

Moody’s Investors Service is warning some of Canada’s provinces to get their act in gear lest their credit ratings face further pressure.

Moody’s, one of the world’s major agencies, didn’t single out any province in a new report released yesterday, pointing out that seven are in deficit.

But its debt-to-revenue measure puts Ontario at the top of the naughty list.