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Canada May 01
Standard & Poors, May 2001
Abstract
Canada's ratings reflect: A diversified, export-oriented, highly developed economy, recently strengthened by improving macroeconomic balances. An improving fiscal performance at all levels of government. Recent strong GDP growth and budget surpluses at the federal and provincial levels have reduced Canada's general government debt to a projected 64% of GDP in 2001, compared to over 80% three years earlier. A stable political system, which minimizes potential uncertainties posed by the sovereignty movement in Quebec, and a strong political consensus on prudent economic policies. The ratings are constrained by: The legacy of a high, but declining, fiscal debt burden. Despite recent budget surpluses, Canada's general government debt is still projected to be at least 10 percentage points higher as a share of...
Companies mentioned in this report are: Canada,Export Development Canada ,Farm Credit Canada,Business Development Bank of Canada,Canada Mortgage and Housing Corp.,Canadian Wheat Board,Bank of Canada
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 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: Full Analysis
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