We are affirming our 'AA+' long-term issuer credit and senior unsecured debt ratings on the City of Regina. In part, the ratings reflect our view of the city's very strong credit fundamentals that are anchored by exceptional liquidity, a track record of very strong budgetary performance characterized by high operating surpluses, and a very strong economy that is stabilized by a significant public sector base. The stable outlook reflects our expectations that Regina's economy and budgetary performance will remain very strong, the city will maintain exceptional liquidity, and that the city's tax-supported debt burden will peak in 2016 but remain less than 60% of consolidated operating revenues. On May 20, 2016, S&P Global Ratings affirmed its 'AA+' long-term issuer credit
