Research And Markets Research And Markets

City of Montreal Jan 12

  • ID: 2042377
  • January 2012
  • Standard & Poors
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  • Montreal (City of)
  • Quebec (Province of)
  • MORE

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)

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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- Montreal (City of)
- Quebec (Province of)

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