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Summary: New South Wales Treasury Corp. Feb 13 Product Image

Summary: New South Wales Treasury Corp. Feb 13

  • Published: February 2013
  • Region: Wales
  • Standard & Poors

Abstract
The ratings on New South Wales Treasury Corp. (TCorp.) reflect our assessment that there is an "almost certain" likelihood of extraordinary support provided in a stress scenario from TCorp's owner and guarantor, the State of New South Wales (NSW). In accordance with our criteria for government-related entities (GREs), our view of an "almost certain" likelihood of extraordinary support in a stress scenario is based on our assessment of TCorp's: "Critical" operational role in managing NSW's and its agencies' debt and a significant proportion of the state's financial assets, as well as providing ancillary services such as corporate finance and risk-management services; and "Integral" link with the NSW government, which owns TCorp. as well as providing it with a guarantee. We...

Companies mentioned in this report are:
- New South Wales Treasury Corp.

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 READ MORE >

- New South Wales Treasury Corp.

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