The ratings on the Swiss Canton of Solothurn benefit from the extremely predictable and supportive institutional framework for Swiss cantons and exceptional liquidity, in our view. We expect that the canton's debt burden will increase, while still remaining moderate over the next few years. We are affirming our 'AA+/A-1+' ratings on Solothurn. The stable outlook reflects our view that the canton's budgetary performance will improve over the coming two years and management will remain highly committed to budgetary consolidation. On Dec. 19, 2014, Standard&Poor's Ratings Services affirmed its 'AA+/A-1+' long- and short-term issuer credit ratings on the Swiss Canton of Solothurn. The outlook is stable. The ratings on Solothurn benefit from the extremely predictable and supportive institutional framework
