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dyna mo · 08-09-2011, 12:13 PM

10 years.

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 percent, through a series of stringent spending cuts.

08-09-2011, 12:13 PM
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 63,913	how long did it take canada to recover its AAA rating when it was downgraded? 10 years. 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 percent, through a series of stringent spending cuts.