On Aug. 22, 2006, 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 Alberta Treasury Branch Financial. The outlook is stable. The ratings on Alberta reflect: The province's extremely low debt burden compared with that of similarly rated international peers. Alberta's net tax-supported debt as a share of GDP declined to 1.6% in fiscal 2006 (year ended March 31) and is expected
