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Laval (City of) Oct 07
Standard & Poors, October 2007
Significant economic advantages Strong support from senior level of government Very strong and improving budgetary performance Gradually declining debt burden High debt burden Relatively low liquidity The issuer credit rating on the City of Laval, located in the Metropolitan Community of Montreal (MCM), in the Province of Quebec (A+/Positive/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. The size of the city's current debt burden and its liquidity level, however, constrain the rating. Laval, along with the entire MCM, enjoys two significant economic advantages: MCM's central location within Canada and its overwhelming dominance in the economy of Quebec, Canada's second-most populous province....
Companies mentioned in this report are: Laval (City of)
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Research Type: Full Analysis
Laval (City of)