Riotous reception for rarest of rare Alberta

The anti-euro theme continued on Thursday with yet another Canadian borrower - this time the Province of Alberta - becoming the latest issuer to take advantage of the wealth of demand for pristine credits far removed from the European sovereign crisis. And Alberta is about as pristine as you can get being rated triple-A by both Moody’s and Standard & Poor’s. It is also incredibly rare. Alberta has not issued in international markets since 2000 and this is its first 144a transaction.