Canada’s Debt Rating by Moody’s Highest Possible: AAA

Need some good news on debt ratings? Moody's Investor Services is renewing Canada's debt rating at AAA--the highest possible, due to our high degree of economic resiliency, efforts by Ottawa and the provinces to deal with their debt ratios over the coming years, as well as other factors. In addition, Moody's says the state of Canada's housing market and Quebec's sovereignty issues do pose some risk, but the risks are low. The full report "Credit Analysis Canadaî is available at www.moodys.com.

Further, the G7 Finance Ministers and the Central Bank governors of those G-7 nations, have reaffirmed a shared interest in a strong and stable international financial system, including market-determined exchange rates, and to consult closely and cooperate as appropriate on the volatility in the exchange markets

Over the next few issues of KBR we will focus on some concrete steps advisors and their clients can focus on in the meantime to calm jitters.

 ADDITIONAL EDUCATIONAL RESOURCES: Debt and Cash Flow Management