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Laval (City of) Sep 10

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Abstract
Long history of superior financial results Healthy liquidity support from increasing cash and investment balances Local economy's expected recovery in 2010 and beyond Solid support from senior levels of government Debt burden that is somewhat high by peer comparison The rating on the City of Laval, in the Province of Quebec (A+/Stable/A-1+), reflects what Standard & Poor's Ratings Services considers to be the following credit strengths: The city added to its long history of superior financial results in 2009. It recorded operating and after-capital surpluses of 23% of operating revenues and 2% of total revenues, respectively, in 2009. The operating surplus was in line with the 10-year average of 24%, whereas the after-capital surplus was below the 10-year average of...

Companies mentioned in this report are: Laval (City of)
Action: Affirmed

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: Full Analysis

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Laval (City of)

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Guinness Centre,
Taylors Lane,
Dublin 8,
Ireland.

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Laval (City of) Sep 10

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Report Formats

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Please fax this form to: (646) 607-1907 or (646) 964-6609 (from USA) +353-1-481-1716 or +353-1-653-1571 (from Rest of World)

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Please fax this form to: (646) 607-1907 or (646) 964-6609 (from USA) +353-1-481-1716 or +353-1-653-1571 (from Rest of World)

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