Oct 28 (Reuters) -
* S&P - city of Toronto 'AA' ratings affirmed on exceptional liquidity and very
strong economy
* S&P-'AA' rating affirmation also reflects toronto's low debt burden, strong
financial management, and strong budgetary flexibility
* S&P on Toronto-affirmation also reflect positive view of the "very
predictable and well-balanced" institutional framework for Canadian
municipalities
* S&P on Toronto- expect the burden of interest expense to remain low in the
next two years
* S&P- believe that the city of Toronto's very deep and diversified economy
limits economic and fiscal volatility
* S&P on Toronto- expect that the city's debt burden will stay below 50 percent
of projected operating revenues in our base-case scenario
* Source text - (http://bit.ly/1WjlAK7)