- Published: August 2009
- Region: Canada
Summary: Calgary (City of) May 11
- Published: May 2011
- Standard & Poors
The ratings on the City of Calgary, in the Province of Alberta (AAA/Stable/A-1+), reflect Standard & Poor's Ratings Services' opinion of the city's very strong diverse economy, although it is exposed to the swings in the oil and gas sectors; good operating surpluses that after-capital spending deficits mitigate; and excellent cash and liquid investment balances. Constraining the ratings are our assessment of large capital requirements stemming from rapid population growth and deferred capital projects, and a debt burden that is high but manageable. Our view of the following factors supports the ratings: A very strong and diverse economy, although it is susceptible to swings from the oil and gas sectors. Calgary is the principal local headquarters for companies operating in...
Companies mentioned in this report are: Calgary (City of),Alberta (Province of)
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Calgary (City of),Alberta (Province of)