Toronto, August 20, 2014 -- Moody's Investors Service has today changed the outlook on the City of Winnipeg's senior unsecured rating to negative from stable and affirmed the Aa1 ratings. This rating action follows the change in the Province of Manitoba's ratings outlook to negative from stable. For full details, please refer to the Province of Manitoba press release (https://www.moodys.com/research/Moodys-changes-Manitobas-outlook-to-negative-affirms-Aa1-ratings--PR_306619).

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