Research Update: City of Saskatoon 'AAA' Ratings Affirmed On Strong Economy And Operating Performance; Outlook Stable Jan 13
- Language: English
- Published: January 2013
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
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.
Saskatoon (City of)