We are affirming our 'AA+' issuer credit and senior unsecured debt ratings on City of Regina. The ratings on Regina reflect our view of the city's low debt and net creditor position; excellent economic performance (despite the global recession); and traditionally healthy operating and after-capital surpluses, although these have weakened recently. The stable outlook reflects our expectations that Regina's economy will continue to perform well, its operating surpluses will return to traditional levels, and liquidity and revenues will increase commensurately with expected debt issuance. TORONTO (Standard&Poor's) March 31, 2010--Standard&Poor's Ratings Services today said it affirmed its 'AA+' issuer credit and senior unsecured debt ratings on City of Regina, the capital of the Province of Saskatchewan, (AA/Stable/A-1+).
