Research Update: City of Regina Ratings Affirmed At 'AAA'; Outlook Remains Stable

A larger capital plan will cause the City of Regina's after-capital results to remain in a deficit position in the medium term but the city benefits from a rising but manageable debt level and ample liquidity. S&P Global Ratings affirmed its 'AAA' long-term issuer credit and senior unsecured debt ratings on the city. The stable outlook reflects our view that, in the next two years, Regina will post small after-capital deficits and that its debt burden will remain less than 60% of operating revenues. On May 18, 2023, S&P Global Ratings affirmed its 'AAA' long-term issuer credit and senior unsecured debt ratings on the City of Regina, in the Province of Saskatchewan. The outlook is stable. The stable outlook reflects

...- A larger capital plan will cause the City of Regina's after-capital results to remain in a deficit position in the medium term but the city benefits from a rising but manageable debt level and ample liquidity. - S&P Global Ratings affirmed its '###' long-term issuer credit and senior unsecured debt ratings on the city. - The stable outlook reflects our view that, in the next two years, Regina will post small after-capital deficits and that its debt burden will remain less than 60% of operating revenues....

Research Update