Research Update: Province of Alberta Downgraded To 'AA' From 'AA+' On Very Weak Budgetary Performance And High Debt; Outlook Negative - S&P Global Ratings’ Credit Research

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

Research Update: Province of Alberta Downgraded To 'AA' From 'AA+' On Very Weak Budgetary Performance And High Debt; Outlook Negative - S&P Global Ratings’ Credit Research
Research Update: Province of Alberta Downgraded To 'AA' From 'AA+' On Very Weak Budgetary Performance And High Debt; Outlook Negative
Published May 19, 2016
Published May 19, 2016
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

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. 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 its 'A-1+' short-term

  
Report Type:

Research Update

Ticker
2026Z@CN
Issuer
Alberta (Province of)
Sector
Global Issuers, Structured Finance
Country
Canada
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: 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/Research-Update-Province-of-Alberta-Downgraded-To-AA-From-AA-On-Very-Weak-Budgetary-Performance-And-High-Debt-Outlook-Negative-1639452>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: 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/Research-Update-Province-of-Alberta-Downgraded-To-AA-From-AA-On-Very-Weak-Budgetary-Performance-And-High-Debt-Outlook-Negative-1639452>
  
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