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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