Sweden (Kingdom of) Dec 11
Standard & Poors, December 2011
Abstract
Long-standing commitment to fiscal discipline, which has kept the general government debt burden at a moderate level. A highly prosperous, competitive, and resilient economy that can withstand external shocks. Large and sustained current account surpluses, which have strengthened the sovereign's external position. High level of monetary flexibility. Long-term fiscal pressures stemming from an aging population. Relatively high household debt, part of which is financed externally. The rating on the Kingdom of Sweden reflects our view of the sovereign's high wealth levels; its long-standing commitment to sound public finances; as well as the economy's competitiveness and proven flexibility. The key weaknesses we see for the rating are the long-term fiscal pressures emanating from an aging population, and a higher level of...
Companies mentioned in this report are:
- Sweden (Kingdom 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 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
- Sweden (Kingdom of)
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