S&P Global renews City of Laval’s ‘AA’ credit rating
The Laval News
Martin C. Barry
The City of Laval says its official credit standing as issued by S&P Global Ratings on Nov. 20 remains ‘AA’ with a stable outlook – and this in spite of the impact of the COVID-19 pandemic on the economy.
The report confirmed that Laval’s economy remains strong, dynamic and diversified. The city maintains that its sound financial practices are at the root of this success.
“This rating, which attests to the quality of our management, allows Laval to be favourably positioned in order to pursue the realization of investment projects necessary for the needs of a growing population,” said Mayor Marc Demers.
“It is at the same time the reflection of the commitment of the administration and the city council to maintain the attractiveness of the city and to propel it towards a robust economic rebirth in 2021.”