Laval (City of) Oct 07

Standard & Poors, October 2007

Abstract
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)
Action: Upgraded

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

Laval (City of)

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