June 1 (Reuters) - S&P:
* Province of Quebec outlook revised to positive from stable
on expected improvement in budgetary performance
* Outlook revision reflects the possibility that Quebec's
budgetary performance could continue to improve in the next two
years
* Expect Quebec's contingent liabilities to stay moderate
in the next couple of years
* "Quebec has staged a significant improvement in its budget
performance, which we now assess as strong"
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