On Oct. 14, 2005, Standard&Poor's Ratings Services 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 ATB Financial. The outlook is stable. The ratings on Alberta reflect: The province's extremely low debt burden compared with both Canadian and international standards. Alberta's net tax-supported debt as a share of GDP declined to 4.1% in fiscal 2005 and is expected to decline further to 2.4% of GDP
