BRIEF-S&P - City of Ottawa downgraded to 'AA' from 'AA+'

Fri Apr 29, 2016 2:26pm EDT
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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"

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