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Province of Alberta Downgraded To 'AA' From 'AA+' On Very Weak Budgetary Performance And High Debt; Outlook Negative

Published May 19, 2016

8 pages (3779 words) — Published May 19, 2016

Price US$ 150.00 | Buy this Report Now

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Abstract:

OVERVIEW We are lowering our long-term issuer credit and senior unsecured ratings on the Province of Alberta to 'AA' from 'AA+'. We are also lowering our senior unsecured debt rating on Alberta's Crown corporation, Alberta Capital Financing Authority, to 'AA' from 'AA+'. The downgrade reflects our view of Alberta's very weak budgetary performance and high, increasing debt burden. The negative outlook reflects continuing uncertainty about the province's willingness to take additional fiscal measures to improve its structural budget shortfalls within the next two years. RATING ACTION On May 19, 2016, S&P Global Ratings lowered its long-term issuer credit and senior unsecured debt ratings on the Province of Alberta to 'AA' from 'AA+'. At the same time, S&P Global Ratings affirmed

Brief Excerpt:

...OVERVIEW + We are lowering our long-term issuer credit and senior unsecured ratings on the Province of Alberta to '##' from '##+'. + We are also lowering our senior unsecured debt rating on Alberta's Crown corporation, Alberta Capital Financing Authority, to '##' from '##+'. + The downgrade reflects our view of Alberta's very weak budgetary performance and high, increasing debt burden. + The negative outlook reflects continuing uncertainty about the province's willingness to take additional fiscal measures to improve its structural budget shortfalls within the next two years. RATING ACTION On May 19, 2016, S&P Global Ratings lowered its long-term issuer credit and senior unsecured debt ratings on the Province of Alberta to '##' from '##+'. At the same time, S&P Global Ratings affirmed its 'A-1+' short-term debt rating on the province. The outlook is negative. S&P Global Ratings also lowered its senior unsecured debt rating on its Crown corporation, Alberta Capital Financing Authority (ACFA)...

Report Type:

Ratings Action

Ticker

2026Z@CN

Issuer

Alberta (Province of)

Sector

Global Issuers, Structured Finance

Country

Canada

Region

United States

Format:

PDF

Alberta (Province of) – 2016/05/27 – US$ 500.00

Summary: Alberta (Province of) – 2016/05/27 – US$ 225.00

Research Update: Province of Alberta Downgraded To 'A+' From 'AA' On Continuing Budgetary Performance Deterioration And Growing Debt – 2017/05/26 – US$ 225.00

Research Update: Province of Alberta 'A+' Long-Term Rating Affirmed; Outlook Remains Stable – 2018/05/17 – US$ 225.00

Research Update: Province of Alberta Long-Term Rating Affirmed At 'A+'; Outlook Remains Stable – 2019/02/15 – US$ 225.00

Research Update: Province of Alberta Downgraded To 'AA' From 'AA+' On Very Weak Budgetary Performance And High Debt; Outlook Negative – 2016/05/19 – US$ 225.00

Province of Alberta – 2016/02/09 – US$ 500.00

Summary: Province of Alberta – 2016/02/09 – US$ 225.00

Research Update: Province of Alberta Downgraded To 'AA+' From 'AAA' On Expected Weaker Budgetary Performance – 2015/12/18 – US$ 225.00

Province of Alberta Downgraded To 'AA+' From 'AAA' On Expected Weaker Budgetary Performance – 2015/12/18 – US$ 150.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Province of Alberta Downgraded To 'AA' From 'AA+' On Very Weak Budgetary Performance And High Debt; Outlook Negative" May 19, 2016. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Province-of-Alberta-Downgraded-To-AA-From-AA-On-Very-Weak-Budgetary-Performance-And-High-Debt-Outlook-Negative-1639443>

APA:	S&P Global Ratings’ Credit Research. (). Province of Alberta Downgraded To 'AA' From 'AA+' On Very Weak Budgetary Performance And High Debt; Outlook Negative May 19, 2016. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Province-of-Alberta-Downgraded-To-AA-From-AA-On-Very-Weak-Budgetary-Performance-And-High-Debt-Outlook-Negative-1639443>

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