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Province is not a country - they don't issue their own currency. Comparing Alberta's AAA to US or whatever sovereign AAA is nonsense.
by borism 15y ago
Province is not a country - they don't issue their own currency. Comparing Alberta's AAA to US or whatever sovereign AAA is nonsense.
- skylan_q 15y agoOk, but what difference does this make?
- yardie 15y agoIt's the difference of knowing what a dollar is worth. Imagine if the US devalued the dollar and paid off their debts immediately with some other currency. All of those bondholders would be mightily pissed. Because their bonds are worth pennies. Provinces and smaller countries can't do this. The value of their bonds will always be compared to the dollar (unless another currency becomes the standard).