We expect that the canton of Solothurn will face weaker budgetary performance following the introduction of corporate tax code changes from 2020. We anticipate that the canton's institutional set-up and prudent management will prevent tax-supported debt from increasing above 100% of operating revenues. We are affirming our 'AA+/A-1+' ratings on Solothurn. The outlook is stable. On June 8, 2018, S&P Global Ratings affirmed its 'AA+/A-1+' long- and short-term foreign and local currency issuer credit ratings on the Swiss canton of Solothurn. The outlook is stable. We also affirmed our 'AA+' issue ratings on Solothurn's senior unsecured debt. The stable outlook on Solothurn reflects our expectation that the canton will experience temporary deficits following the introduction of a new corporate tax
