City of Regina

This report does not constitute a rating action. Overview Credit context and assumptions Base-case expectations The City of Regina?s economy and strong financial management support creditworthiness. Budgetary performance will remain robust, on average, and debt will remain manageable despite higher capital spending in the next two years. --High income levels and a large and stable public sector continue to foster stability in Regina?s property tax base. --Despite an elevated capital plan in the next two years, on average, Regina will continue to post a modest after-capital surplus in our 2020-2024 base-case forecast. --Continued refinement in the city?s long-term financial management planning allows the city to keep adhering to sustainable infrastructure spending planning. --Robust financial performance will allow the city to

...The long-term issuer credit rating on the City of Regina, in the Province of Saskatchewan, is `###'. We expect that Regina's focus on strengthening its financial management practices will continue to support the city's very strong budgetary performance, which we expect will continue to post, on average, healthy operating balances and modest after-capital surpluses. At the same time, the city's debt burden will remain moderate as debt retirements outpace issuance. We believe that Regina's stable economy, robust liquidity, and the supportive institutional framework for Canadian municipalities remain key strengths that support the `###' rating....

Full Report