Credit FAQ: What's Behind Our Outlook Revision On Aruba To Stable Jan 12
Standard & Poors, January 2012
Abstract
On Nov. 17, 2011, Standard & Poor's Ratings Services revised its outlook on the long-term sovereign rating on Aruba to stable from negative and affirmed its 'A-/A-2' rating. Standard & Poor's 'A-' transfer and convertibility assessment was unchanged. Standard & Poor's sovereign rating analyst for Aruba, Joydeep Mukherji, discusses the reasons for the change in outlook, as well as economic and political events on the island that have an impact on its sovereign rating. The change in outlook reflects recent reforms to address shortfalls in Aruba's pension system and health care agency, which should strengthen public finances over the long term, reducing future fiscal pressures. It also reflects improved prospects for GDP growth in the coming years, thanks to the...
Companies mentioned in this report are: Aruba
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
Aruba
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