Excellent credit rating for Halton Region means savings for Oakville, Burlington, Milton
Published June 20, 2024 at 12:01 pm
Halton Region’s excellent credit rating means better financing rates for Oakville, Burlington, Milton and Halton Hills.
For the 22nd consecutive year, S&P Global Ratings has upheld Halton Region’s AAA credit rating.
This top rating reflects the Region’s strong financial position and provides the Region and local municipalities with access to the best possible financing rates, keeping long-term costs lower for major infrastructure projects.
“By earning this top credit rating for more than two decades, we help ensure top value for taxpayer dollars as we invest in critical projects that support our growing community and help keep Halton a great place to live,” said Halton Chair Gary Carr. “We are proud to maintain this credit rating and our strong financial position.”
S&P’s analysis included the following strengths in support of the AAA rating:
- Steady population growth, high-income levels and a broad economy that fosters stability in the Region’s property tax base
- Prudent financial management practices and solid economic base
- Very strong budget performance
- Exceptional liquidity position and satisfactory access to external liquidity for financing needs
Halton Region has maintained top credit ratings from S&P Global Ratings (AAA) since 2002 and Moody’s Investors Service (AAA) since 1989. Earning this distinction from both agencies each year is a key objective of Halton’s annual Budget and Business Plan.
To learn more about Regional finances, visit the Region’s finance and transparency webpage.
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