Home Credit Ratings and Research S&P Global Ratings’ Credit Research Prince Edward Island (Province of)

Prince Edward Island (Province of)

Published Oct 29, 2008

3637 words — Published Oct 29, 2008

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Abstract:

Moderate tax-supported and direct debt burdens relative to those of peers Solid economic performance in the past six years Significant revenue support from the Canadian federal system Modest budget deficits forecast in fiscals 2008 and 2009 Weaker liquidity relative to that of peers The ratings on the Province of Prince Edward Island (PEI or the province) reflect the following strengths: PEI's tax-supported debt and direct debt burdens fit well within its Canadian and international peer group in the 'A' category. The province's net tax-supported debt equated to an estimated 33% of GDP at fiscal year-end 2008 (March 31), down from 35% the previous fiscal year. Its direct debt remained flat at 110% of operating revenue in fiscal 2008. The province's

Brief Excerpt:

RESEARCH Prince Edward Island (Province of) Publication date: 29-Oct-2008 Primary Credit Analyst: Paul Judson, CFA, Toronto (1) 416-507-2523; paul_judson@standardandpoors.com Secondary Credit Analyst: Stephen Ogilvie, Toronto (1)...

Report Type:

Full Report

Ticker

85057Z@CN

Issuer

Prince Edward Island (Province of)

Sector

Global Issuers, International Public Finance

Country

Canada

Region

Canada

Format:

HTML

Province of Prince Edward Island Outlook To Stable From Positive With Financial Results Below Expectations – 2010/01/08 – US$ 150.00

Research Update: Province of Prince Edward Island Outlook Revised To Stable As Financial Results Fall Below Expectations – 2010/01/08 – US$ 225.00

Prince Edward Island (Province of) – 2010/01/19 – US$ 500.00

Summary: Prince Edward Island (Province of) – 2010/01/19 – US$ 225.00

S&P Corrects Rating On Prince Edward Island's C$200 Million Debentures Due 2020 And 2032 – 2010/11/01 – US$ 150.00

Summary: Prince Edward Island (Province of) – 2008/10/29 – US$ 225.00

Prince Edward Island 'A' Ratings Affirmed On Lower Debt Burdens – 2008/10/23 – US$ 150.00

Research Update: Prince Edward Island Ratings Affirmed At 'A' On Sound Debt Burdens; Outlook Positive – 2008/10/23 – US$ 225.00

Prince Edward Island Outlook Revised To Positive From Stable; 'A' Rating Affirmed – 2007/12/19 – US$ 150.00

Research Update: Prince Edward Island Outlook To Positive On Stronger Financial Results; Ratings Affirmed – 2007/12/19 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Prince Edward Island (Province of)" Oct 29, 2008. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Prince-Edward-Island-Province-of-679858>

APA:	S&P Global Ratings’ Credit Research. (). Prince Edward Island (Province of) Oct 29, 2008. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Prince-Edward-Island-Province-of-679858>

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