Supportive and predictable system support in Switzerland. High wealth level with exceptionally low unemployment rates. Prudent management with credible plans aimed at reducing upcoming deficits. Very positive liquidity due to committed bank lines and strong access to external liquidity. Very low contingent liabilities. A decline in budgetary performance from 2012. Increase of currently low debt on rising gross borrowing. Relatively high unfunded pension liabilities. The ratings on the Swiss Canton of Solothurn benefit from the predictable and supportive institutional framework for Swiss cantons. Solothurn is a net receiver of fiscal equalization payments, which provide a reliable source of funding and amount to 12% of its expected operating revenues in 2012. While Solothurn is economically weak in a national context, compared
