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To: jurroppi1

Looks like Fox New’s 9 years is correct.

http://business.asiaone.com/Business/News/Story/A1Story20110806-293018.html

Standard & Poor’s took away Canada’s AAA rating on debt denominated in foreign currencies in 1992.

But Ottawa recovered the grade in 2002 after reducing government spending as a fraction of GDP by more than eight per cent, through a series of stringent spending cuts. (Canada’s sovereign debt as denominated in Canadian dollars was never downgraded.)


143 posted on 08/08/2011 3:20:09 AM PDT by ozarkgirl
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To: ozarkgirl

Thank you for providing the info, very insightful!


149 posted on 08/08/2011 6:15:57 AM PDT by jurroppi1
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