City of Laval 'A+' Rating Affirmed On Declining Debt, Provincial Support Sep 06
- ID: 2033956
- September 2006
- Standard & Poors
TORONTO (Standard & Poor's) Sept. 8, 2006--Standard & Poor's Ratings Services today said it affirmed its 'A+' long-term issuer credit rating on the City of Laval. The outlook is positive. "The rating on Laval, located in the Metropolitan Community of Montreal (MCM), in the Province of Quebec (A+/Stable/A-1+), reflects the city's significant economic advantages, strong support from the province, very strong and consistent budgetary performance, and a debt burden that is gradually being reduced," said Standard & Poor's credit analyst Nikola Swann. "The rating is constrained, however, by the size of the city's current debt burden and by significant contingent liabilities involving the city's pension plans," Mr. Swann added. Two significant economic advantages enjoyed by Laval, along with the entire...
Companies mentioned in this report are: Laval (City of)
Action: Outlook: Positive
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