OVERVIEW We are affirming our 'AA+' long-term issuer credit and senior unsecured debt ratings on the City of Regina. The ratings reflect our view of the city's strong economy, budgetary performance, and budgetary flexibility; and "very positive" liquidity. The stable outlook reflects our base-case expectations that throughout the two-year outlook horizon, Regina will continue to benefit from a strong economy; and maintain strong budgetary performance and flexibility, as well as very positive liquidity. RATING ACTION On May 29, 2014, Standard&Poor's Ratings Services affirmed its 'AA+' long-term issuer credit and senior unsecured debt ratings on the City of Regina, in the Province of Saskatchewan. The outlook is stable. RATIONALE The ratings on Regina reflect Standard&Poor's view of
