S&P affirms Winnipeg

Standard & Poor's said it affirmed an AA long-term issuer credit and senior unsecured debt ratings on the City of Winnipeg in the Province of Manitoba.

The outlook is stable.

The ratings reflect an assessment of the city's healthy budgetary performance, robust liquidity and strong economy compared with that of peers, S&P said.

While S&P said it expects that the city will draw down its balances moderately as it undertakes its capital plan, the agency believes that Winnipeg's liquidity will continue to remain strong.

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