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City of Saskatoon Ratings Affirmed At 'AAA' On Continued Strong Cash And Liquidity Levels Jan 12 Product Image

City of Saskatoon Ratings Affirmed At 'AAA' On Continued Strong Cash And Liquidity Levels Jan 12

  • ID: 2042940
  • January 2012
  • Standard & Poors

Abstract
We are affirming our 'AAA' long-term issuer credit and senior unsecured debt ratings on the City of Saskatoon. The ratings reflect our opinion of the city's strong cash and liquidity levels, well-performing economy, and strong operating performance. The stable outlook reflects our expectation that in the next two years, Saskatoon's revenue and cash investment balances will rise commensurately with debt, and that its economic performance will remain relatively strong. TORONTO (Standard & Poor's) Jan. 23, 2012--Standard & Poor's Ratings Services today said it affirmed its 'AAA' long-term issuer credit and senior unsecured debt ratings on the City of Saskatoon, in the Province of Saskatchewan (AAA/Stable/A-1+). The outlook is stable. "The ratings on Saskatoon reflect Standard & Poor's opinion of the...

Companies mentioned in this report are: Saskatoon (City of)
Action: Affirmed
Action: Outlook: Stable

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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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