CANADA: MOODY'S UPGRADES CITY OF WINNIPEG'S RATING TO AA2 FROM AA3.

IPR Strategic Business Information Database | October 19, 2003 | Copyright

Moody's Investors Service upgraded today the debt rating of the City of Winnipeg to Aa2 from Aa3. The upgrade was prompted by recent improvements to the City's debt profile, owing to prudent fiscal planning and strong financial results. The Aa2 rating also takes into account continued economic and assessment base growth, which enhance the city's financial framework. The rating outlook is stable. Winnipeg's financial profile has improved over the past five years, reflecting increased fiscal discipline and the effective management of cost pressures. The city has realized ...

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