BRIEF-S&P - City of Ottawa downgraded to 'AA' from 'AA+'
April 29 (Reuters) - S&P On City Of Ottawa:
* S&P - City of Ottawa downgraded to 'AA' from 'AA+' on weakening budgetary performance; outlook stable
* S&P - "Downgrade reflects our expectation of a structural deterioration of the city's budgetary performance in the next two years"
* S&P - "The stable outlook reflects our view that the city's economy will remain very strong"
Source text - [bit.ly/1YWrByO] )
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