Just Skiers Will Go Downhill At The 2010 Vancouver Winter Olympics Jun 08
- ID: 2043433
- June 2008
- Standard & Poors
There are rewards and risks aplenty in hosting the Olympics, and this dichotomy holds true for the credit profiles of the host city and its senior government partner. Right now, the City of Vancouver (AA+/Stable/--) and the Province of British Columbia (B.C.; AAA/Stable/A-1+) are gearing up to host the Olympic Winter Games, which kick off Feb. 12, 2010. Progress on venue construction, the funding package in place for the Games themselves, and the comprehensive operational planning to date suggest that, most likely, the credit effects will be positive for the governments involved. Therefore, Standard & Poor's Ratings Services believes that future rating changes for the two highly-rated governments are unlikely. The International Olympics Committee awarded the 2010 Winter Games to...
Companies mentioned in this report are:
- British Columbia (Province of)
- Vancouver (City of)
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