On Nov. 13, 2013, Standard & Poor’s Ratings Services affirmed its ‘AAA’ long-term and ‘A-1+’ short-term sovereign credit ratings on Canada. The outlook on the long-term rating is stable.
The transfer and convertibility (T&C) assessment of Canada is ‘AAA’. Our T&C assessment reflects our view of the extremely low likelihood of the sovereign or central bank restricting nonsovereign access to foreign exchange needed for debt service.
via Deutsche Borse
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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