Research Update: Province of Nova Scotia 'A+' Ratings Affirmed On Stronger Economic Growth; Outlook Stable Jul 13
- Language: English
- Published: July 2013
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
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.
In Standard & Poor's Ratings Services' opinion, the ratings on the Province of Nova Scotia reflect: A relatively stable and resilient economy that results in a more predictable own-source revenue performance than that of similarly rated Canadian peers. Although the province's economy is somewhat less well diversified compared with those of peers, its disproportionately larger service sector than the Canadian provincial average helps cushion the economy from potential volatility in the goods sector; The substantially improved transparency in the province's financial reporting practices in recent years. Nova Scotia was among the first provinces to consolidate its agencies' financial results, as the Public Sector Accounting Board recommended. In addition, the province's restructured Crown sector and absence of more volatile commercial enterprises...
Companies mentioned in this report are: Nova Scotia (Province of)
Action: Outlook Revised
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Nova Scotia (Province of)