| Title: | South Australia (State of), Australia |
| Price: | $300.00 |
| Publication Date: | May 09, 2008 |
| Report Type: | Analysis |
| Brief Excerpt: | ...Moody s assigns long-term debt ratings of Aaa, with a stable outlook, to the South Australian Government Financing Authority (SAFA), the entity which issues debt on behalf of the State of South Australia and state-owned corporations. SAFA s debt is guaranteed by the state and the rati ng is based on the credit quality of the state. The State of South Australia s credit qua lity is based on the state s modest debt burden, reflecting the use of proceeds of the sale of electric utility corporations to pay down debt earlier in the decade and surplus financial operations over the past five years. The positive financial perfo rmance has been underpinned by the state s prudent fiscal practices as well as str ength in tax revenues, commonwealth grants and, in some years, one-time dividend payments. South Australia s economic profile is weaker than other states due to a relatively larger manufacturing sector and slower population growth. The application of Moody s Joint-Default... |
| Word Count: | 4630 |
| Length: | 12 Pages |
| Issuer: | South Australia (State of) Australia |
| Format: | 
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