Research Update: City of Mississauga 'AAA' Rating Affirmed On Debt-Free Status And Strong Economy; Outlook Stable 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. On Oct. 3, 2011, Standard & Poor's Ratings Services 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 on Mississauga reflects Standard & Poor's opinion of the city's debt-free status, strong and diversifying economy, and very strong liquidity....

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.

Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.

City of Mississauga

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