Research Update: City of Ottawa Ratings Affirmed At 'AA'; Outlook Remains Stable - S&P Global Ratings’ Credit Research

Research Update: City of Ottawa Ratings Affirmed At 'AA'; Outlook Remains Stable

Research Update: City of Ottawa Ratings Affirmed At 'AA'; Outlook Remains Stable - S&P Global Ratings’ Credit Research
Research Update: City of Ottawa Ratings Affirmed At 'AA'; Outlook Remains Stable
Published Dec 16, 2019
7 pages (3007 words) — Published Dec 16, 2019
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

The City of Ottawa is moving ahead with phase 2 of its light rail transit (LRT) project with an expected cost of C$4.6 billion. We expect strong operating revenue and large federal and provincial grants will allow the city to fund its capital plan, including its portion of the LRT phase 2, without placing undue strain on its liquidity and debt. As a result, we are affirming our 'AA' long-term issuer credit and senior unsecured debt ratings on Ottawa and maintaining our stable outlook. On Dec. 16, 2019, S&P Global Ratings affirmed its 'AA' long-term issuer credit and senior unsecured debt ratings on the City of Ottawa, in the Province of Ontario. The outlook is stable. The stable outlook reflects

  
Brief Excerpt:

...- The City of Ottawa is moving ahead with phase 2 of its light rail transit (LRT) project with an expected cost of C$4.6 billion. - We expect strong operating revenue and large federal and provincial grants will allow the city to fund its capital plan, including its portion of the LRT phase 2, without placing undue strain on its liquidity and debt. - As a result, we are affirming our '##' long-term issuer credit and senior unsecured debt ratings on Ottawa and maintaining our stable outlook....

  
Report Type:

Research Update

Issuer
Ottawa (City of)
Sector
Global Issuers
Country
Canada
Region
Canada
Format:
PDF Adobe Acrobat
Buy Now

Summary: City of Ottawa – 2020/11/17 – US$ 225.00

City of Ottawa – 2021/11/29 – US$ 500.00

City of Ottawa – 2022/10/20 – US$ 500.00

City of Ottawa – 2023/10/24 – US$ 500.00

Summary: City of Ottawa – 2019/04/15 – US$ 225.00

City of Ottawa – 2016/05/05 – US$ 500.00

Summary: City of Ottawa – 2016/05/05 – US$ 225.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: City of Ottawa Ratings Affirmed At 'AA'; Outlook Remains Stable" Dec 16, 2019. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-City-of-Ottawa-Ratings-Affirmed-At-AA-Outlook-Remains-Stable-2358919>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: City of Ottawa Ratings Affirmed At 'AA'; Outlook Remains Stable Dec 16, 2019. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-City-of-Ottawa-Ratings-Affirmed-At-AA-Outlook-Remains-Stable-2358919>
  
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