...Credit context and assumptions Base-case expectations The canton has sound economic fundamentals and a supportive framework. + The upcoming corporate tax reform in Switzerland is likely to create budgetary challenges for Solothurn, resulting in temporary deficits after capital accounts from 2019. + The supportive and predictable public finance system enables Solothurn to enjoy sound financial planning. + Solothurn has a somewhat weaker financial situation than higher-rated Swiss peers, as highlighted by its comparably high tax-supported debt burden. The upcoming corporate tax reform will weigh on the canton's finances from 2020. + We assume that voters will approve the national corporate tax reform in the national and cantonal referendum, scheduled for May 19, 2019--just two days from today's publication. + The reevaluation of the fiscal equalization system will likely result in reduced transfers for Solothurn from 2020. + We believe that the canton's prudent management will continue, if...
