Deep and diversified economy that is recovering well from the recession Strong operating and after-capital surpluses in 2010 Satisfactory liquidity levels, which strong access to capital markets complements High and increasing debt burden relative to those of peers Very elevated capital spending in next from 2012-2014 The ratings on the City of Montreal, in the Province of Quebec (A+/Stable/A-1+), reflect what Standard & Poor's Ratings Services considers to be the following positive factors: Montreal's deep and diversified economy is recovering well from a recession whose impact was relatively mild. The province projects real GDP and employment growth of about 1.6% and 1.0%, respectively, for 2011 and similar real GDP growth for 2012. We expect that the greater Montreal area's (GMA)...
Companies mentioned in this report are:
- Montreal (City of)
- Quebec (Province of)
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