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Summary: New Brunswick (Province of) Oct 04 Product Image

Summary: New Brunswick (Province of) Oct 04

  • Published: October 2004
  • Standard & Poors

Abstract
The ratings on the Province of New Brunswick reflect the following credit strengths: Both direct and tax-supported debt burdens have been gradually declining in the long term. Net tax-supported debt has declined to about 29% of GDP at the end of fiscal 2004 (ended March 31) from 33% of GDP in fiscal 1999, and is expected to reach close to 27% of GDP by the end of the current fiscal year. The burden of direct debt relative to GDP (and to operating revenues) has declined in similar fashion in the same time frame. New Brunswick benefits from significant revenue support through equalization, Canada Health Transfer (CHT), and Canada Social Transfer (CST) payments provided by the federal government. Transfers are budgeted...

Companies mentioned in this report are: New Brunswick (Province of)
Action: Review

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 READ MORE >

New Brunswick (Province of)

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