Research Update: City of Saskatoon 'AAA' Ratings Affirmed On Continued Strong Cash And Liquidity; Outlook Stable Jan 12
- Language: English
- Published: January 2012
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: Outlook: Stable
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Research type: News
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