We assume that the Canton of Solothurn will contain expenditure growth and post strong financial performance over the next few years. We expect Solothurn's government to implement a cost-savings package from 2025. We also assume that Solothurn will continue reducing its debt burden. We therefore raised our long-term rating on Solothurn to 'AAA' from 'AA+' and affirmed our 'A-1+' short-term ratings. The outlook is stable. On May 3, 2024, S&P Global Ratings raised its long-term issuer credit rating on the Swiss Canton of Solothurn to 'AAA' from 'AA+'. The outlook on the long-term rating is stable. At the same time, we affirmed the 'A-1+' short-term issuer credit rating on Solothurn. The stable outlook reflects our view that Solothurn's financial performance
