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2001 Budget Reinforces Sweden's Positive Foreign Currency Outlook Sep 00
Standard & Poors, Sep 2000
Abstract
LONDON (Standard & Poor's CreditWire) Sept. 20, 2000--Today's Swedish budget for 2001, labeled a 'Reform Budget' by the government, reinforces the positive outlook on the country's 'AA+' long-term foreign currency credit rating. David Cooling, lead analyst for Sweden at Standard & Poor's Sovereign Ratings says the budget 'balances the political need for increased expenditure with the economic need for structural reform.' Net central government expenditure is able to rise by Swedish krona (SKr) 9.2 billion next year (equivalent to about 0.4% of 1999 GDP) under the government's expenditure ceilings. Mr. Cooling says: 'The extra money will be used to fund, in large part, previously announced welfare reforms, with increased spending on education, health, and social services.' 'At the same time,...
Companies mentioned in this report are: Sweden (Kingdom of)
Action: S&P Event
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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