土豆妮

What is the key difference between a local currency debt rating and a foreign currency debt rating?

A) A foreign currency debt rating relies on the country's ability to generate appropriate foreign currency cash flows via its trade flows.

B) Local currency debt ratings are uncorrelated with the country's foreign currency debt ratings.

C) A foreign currency debt rating depends primarily upon the economic infrastructure of the economy and the level of education and living standards in the country.

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A foreign currency debt rating relies on the country's ability to generate appropriate foreign currency cash flows via its trade flows.