City of Mississauga Rating Affirmed At 'AAA' On Debt-Free Status And Solid Economy Oct 11

Standard & Poors, October 2011

Abstract
We are affirming our 'AAA' long-term issuer credit rating on the City of Mississauga. The rating reflects our opinion of the city's debt-free status, strong and diversifying economy, and very strong liquidity. The stable outlook reflects our expectations that Mississauga's operating performance will not weaken materially, potential direct debt will not exceed 30% of operating revenues within the rating horizon, and the city will maintain ample liquidity. TORONTO (Standard & Poor's) Oct. 3, 2011--Standard & Poor's Ratings Services today said it affirmed its 'AAA' long-term issuer credit rating on the City of Mississauga, in the Province of Ontario (AA-/Stable/A-1+). The outlook is stable. "The rating reflects our opinion of the city's debt-free status, strong and diversifying economy, and very strong...

Companies mentioned in this report are: City of Mississauga
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 the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

City of Mississauga

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