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Research Update: City of Brampton 'AAA' Rating Affirmed On Lack Of Direct Debt; Outlook Stable Aug 11 Product Image

Research Update: City of Brampton 'AAA' Rating Affirmed On Lack Of Direct Debt; Outlook Stable Aug 11

  • ID: 1860096
  • August 2011
  • Standard & Poors

Abstract
We are affirming our 'AAA' long-term issuer credit rating on the City of Brampton. The rating reflects our opinion of the city's lack of direct debt, strong liquidity, and solid economic fundamentals. The stable outlook reflects our expectation that Brampton will maintain its debt-free status and solid liquidity position over our two-year rating horizon by continuing to fund capital expenditures internally. On Aug. 5, 2011, Standard & Poor's Ratings Services affirmed its 'AAA' long-term issuer credit rating on the City of Brampton, in the Province of Ontario (AA-/Stable/A-1+). The outlook is stable. The rating on Brampton reflects Standard & Poor's opinion of the city's lack of direct debt, strong liquidity, and solid economic fundamentals. We believe below-average operating and after-capital...

Companies mentioned in this report are: Brampton City of
Action: Affirmed
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine READ MORE >

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