Alberta’s Finance Minister says the City of Calgary can thank the province for its continued strong credit rating.

Speaking at the premier’s breakfast, Joe Ceci says the money flowing from Edmonton keeps the city’s books strong.

“The city is able to enjoy its good credit rating, in part because of the significant help it gets from the province of Alberta, with regard to capital infrastructure and MSI payments,” he said.

Ceci isn’t too concerned about recent credit rating downgrades for the province by Standard & Poor’s and Moody’s

He says Alberta’s ledgers are sound, and once the economy recovers a bit, the credit rating scores will go back up.