Sustained healthy economic performance Strong operating and after-capital expenditure budgetary surpluses Very moderate debt levels Excellent liquidity Significant unfunded multiemployer pension plan liabilities Like many Canadian cities, considerable capital asset replacement, rehabilitation, and maintenance needs The ratings on the City of Regina, in the Province of Saskatchewan (AAA/Stable/A-1+), reflect Standard&Poor's Ratings Services' opinion of the following strengths: Ongoing healthy economic performance. Regina is the province's capital city, with high income levels, as represented by GDP per capita in excess of C$55,000. The city has a moderately diverse economy in our view, including a significant public sector presence. Since 2006, it has had healthy population growth and annual unemployment rates that have been consistently below 5%, among the lowest
