DBRS confirms Vancouver

DBRS said it confirmed the long-term debt and commercial paper ratings for the City of Vancouver at AA and R-1 (middle), respectively.

The trend remains stable.

The city benefits from a relatively affluent property tax base, a lengthy record of healthy operating results and limited direct operating responsibilities, DBRS said, adding that the credit profile continues to stabilize, as its large investments and capital spending related to the 2010 Winter Olympic Games have concluded.

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