Direct and tax-supported debt burdens comparable with peers Healthy economic performance in 2004 Revenue support of the Canadian federal system Significant debt increases since the 2001 fiscal year Financial results weak relative to peers despite substantial improvement in fiscal 2005 The ratings on the Province of Prince Edward Island (PEI) reflect the following credit strengths: The province's burdens of direct and tax-supported debt fit well within its peer group in the 'A' ratings category. At the end of the 2005 fiscal year (year ended March 31), net tax-supported and direct debt as a share of GDP represented 32% and 29%, respectively. Standard & Poor's Ratings Services expects that there will not be an appreciable rise in debt burdens in the
