CANADA: MOODY'S ISSUES ANNUAL REPORT ON CITY OF MONTREAL.

IPR Strategic Business Information Database | May 17, 2009 | Copyright

In its annual report on Montreal, Moody's Investors Service says the city's Aa2 long-term debt and issuer ratings reflect stable financial performance supported by predictable property tax revenues, and a large and diverse economic base. The rating also incorporates Montreal's above-average debt burden. "Montreal's stable financial performance has been supported by predictable revenue streams based primarily on property taxes," says Moody's Vice President Debra Roane, lead analyst for Montreal. The city has generated operating surpluses averaging nearly 14% of revenues over ...

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