TORONTO (Standard & Poor's) Dec. 7, 2005--Standard & Poor's Ratings Services today said it affirmed its 'AA+' long-term issuer and senior unsecured credit ratings on the City of Regina, located in the Province of Saskatchewan, based on the city's very strong financial performances. The outlook is stable. "The ratings on Regina ratings reflect its very strong operating and after-capital performances, standout economic performance in 2004, modest debt burden, and robust cash and investment holdings," said Standard & Poor's credit analyst Stephen Ogilive. These strengths are partially offset by constraints on the city's financial flexibility that are greater than those that face most other rated Canadian peers. Very strong, long-term operating and after-capital balances are the foundation of Regina's considerable financial
