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Canada Could Face Pressure if Financial Challenges of Aging Population Not Met Apr 04
Standard & Poors, April 2004
Abstract
TORONTO (Standard & Poor's) April 1, 2004--The sovereign credit ratings on highly rated sovereigns, including Canada, could begin to come under downward pressure by the end of the decade if no progress is made in further fiscal consolidation and structural reform to counter the financial challenges of aging societies, Standard & Poor's Ratings Services said in a report published today. In light of the global phenomenon of aging societies, the report quantifies for 25 sovereigns country-specific tendencies and projects trends in government debt ratios, fiscal balances, and other key indicators in the next half-century. Estimates on possible future rating trends are also provided. 'Recent years of budget surpluses, along with pension reform, place Canada in a more favorable position to...
Companies mentioned in this report are: Australia (Commonwealth of) (Unsolicited Ratings),Canada,New Zealand,Sweden (Kingdom of),France (Republic of) (Unsolicited Ratings),Japan (Unsolicited Ratings),United Kingdom (Unsolicited Ratings),Germany (Federal Republic of) (Unsolicited Ratings),Ireland (Republic of),Portugal (Republic of),Greece (Hellenic Republic),Czech Republic,Poland (Republic of)
Action: General Comment
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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