Healthy operating and after-capital expenditure surpluses Low debt and net creditor position Good economic performance Significant unfunded multiemployer pension plan liabilities The possibility of significant pension deficit solvency payments in the medium term An expected rise in debt that might exceed available medium-term cash and liquid investments The ratings on the capital of the Province of Saskatchewan (AA+/Stable/A-1+), reflect Standard&Poor's Ratings Services' view of the city's healthy operating and after-capital expenditure surpluses, low debt and net creditor position, and good economic performance. We believe credit weaknesses include significant unfunded postemployment liabilities; our solvency deficit payments concerns; and an expected rise in debt, which might exceed available cash and liquid investments in the medium term. In accordance with generally
