08-09-2011, 12:39 PM
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Too lazy to set a custom title
Industry Role:
Join Date: Oct 2006
Location: Earth
Posts: 30,989
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Quote:
Originally Posted by dyna mo
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.
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it was under 10 years |
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