Outlook On Australia?s State of New South Wales Revised To Negative; Ratings Affirmed At ?AAA/A-1+? Oct 12
- Language: English
- Published: October 2012
- Region: Australia, Wales
Integral link with the State of New South Wales Strong liquidity Strong financial and risk management Structural imbalance between revenue powers and expenditure responsibilities 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...
Companies mentioned in this report are:
- New South Wales Treasury Corp.
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