Stable Swiss government system with fiscal equalization system Strong financial performance, with operating and after-capital-expenditure surpluses Sophisticated management committed to implement fiscal consolidation measures Substantial fiscal consolidation and debt reduction over the past years, which is expected to continue Very diversified economy with continuing good growth prospects, particularly in the engineering and life-science industries Below-average wealth in a Swiss context and dependency on funds from the national equalization system (NFA) Relatively large amount of the cantonal pension insurance scheme is unfunded Strong dependency on some large corporate tax payers The ratings on the Swiss Canton of Solothurn reflect its membership of a stable national government with a vertical and horizontal financial equalization system. The ratings are supported by Solothurn's above-average
