On May 10, 2007, Standard&Poor's Ratings Services affirmed its 'AA+' long-term issuer credit and senior unsecured debt ratings on the City of Regina, located in the Province of Saskatchewan, based on the city's very strong financial performances, low and stable debt burden, and solid economic results. The outlook is stable. The ratings Regina reflect its very strong operating and after-capital performances, solid economic performance in 2005, modest debt burden, and robust cash and investment holdings. These strengths are partially offset by the prospect of a significant increase in debt outstanding and debt burden in the 2009-2011 period. Very strong, long-term operating and after-capital balances are the foundation of Regina's considerable financial strength. From 2000 to 2005, the city
