Rating reflects superior political and economic profile and strong flexibility and performance profile, S&P says
Rating agency says the country’s government bond exchange constitutes a default
Actions reflect the intensification of the Euro zone crisis
The best case scenario is one of limiting the damage to the global economy
Countries will find themselves under pressure to announce credible fiscal plans
Economic strength will emerge after downturn without major impairment
Report compares government debt in developed countries
Fitch Ratings has affirmed Canada’s long-term foreign and local currency issuer default ratings at ‘AAA’ with stable outlooks.The rating agency says that Canada’s ‘AAA’ status is underpinned by its high standards of living, the strength of its institutional framework, its stable political system, and its prudent macroeconomic management.“Canada has enjoyed the highest average growth — […]
Ratings agency expected expand coverage to 15 countries