TORONTO (Standard&Poor's) Aug. 22, 2006--Standard&Poor's Ratings Services today said it affirmed its 'AAA' long-term issuer credit and senior unsecured debt ratings on the Province of Alberta. At the same time, Standard&Poor's affirmed all other ratings, including its 'A-1+' global scale and its 'A-1(High)' Canadian national scale CP ratings on Alberta. Standard&Poor's also affirmed its 'AAA' rating on the guaranteed debt outstanding of the Alberta Capital Finance Authority and Alberta Treasury Branch Financial. The outlook is stable. "The ratings on Alberta reflect its extremely low debt burden compared with that of similarly rated international peers, and its strong liquidity position afforded by its large Heritage Fund assets," said Standard&Poor's credit analyst
