I think that the evidence, when you look at credit ratings and how they've changed over time, is that credit raters do, in a sense, put Canadian governments in the same boat. They're not all equally far above the waterline in that boat, but there is a presumption that the federal government's potential support of a provincial government in the event of fiscal pressure does factor into the credit ratings.
Another way of putting it is that the federal government is in many ways the best credit in the country. It's the national sovereign, and it has the central bank, so the provinces' credit ratings and the debt service costs that they pay, the interest rate that they pay, are all going to be benchmarked off the federal government. When the federal government's credit rating improves, everybody's credit rating improves. When the federal government's credit rating deteriorates, everybody's credit rating deteriorates.