- Language: English
- Published: July 2012
Summary: Nova Scotia (Province of)
- Published: October 2007
- Standard & Poors
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
The ratings on the Province of Nova Scotia reflect: The province's significant progress in reducing its net tax-supported debt burden in the past six fiscal years and expectations of continued debt reduction in the medium term. Nova Scotia's net tax-supported debt declined further to 29.7% in fiscal 2007 (year ended March 31) from 31.9% in fiscal 2006. Standard & Poor's Ratings Services expects that net tax-supported debt as a percent of GDP will continue to fall in the medium term, to about 27% by the end of fiscal 2010. The substantially improved transparency in the province's financial reporting practices. Nova Scotia was among the first provinces to consolidate its agencies' financial results as recommended by the Public Sector Accounting Board....
Companies mentioned in this report are: Nova Scotia (Province of)
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Nova Scotia (Province of)