The ratings on the City of Regina, in the Province of Saskatchewan (AAA/Stable/A-1+), reflect Standard&Poor's Ratings Services' opinion of the following strengths: Ongoing healthy economic performance. Regina is the province's capital city, with high income levels, as represented by GDP per capita in excess of C$55,000. The city has a moderately diverse economy in our view, including a significant public sector presence. Since 2006, it has had healthy population growth and annual unemployment rates that have been consistently below 5%, among the lowest of Canada's municipalities. Its construction-based indicators have also been relatively strong during that period. Strong operating and after-capital expenditure budgetary surpluses. In 2010, Regina's operating balance was about 16% of operating revenues. The city also
