On March 19, 2024, Moody’s Investors Service once again affirmed Halton Region’s Aaa credit rating. This rating provides the Region and its Local Municipalities with access to the best possible financing rates, keeping long-term costs lower when financing major infrastructure projects.
“Providing quality infrastructure to service growth and making your tax dollars go further is a top priority,” said Halton Regional Chair Gary Carr. “We have earned a top credit rating for 36 years in a row and Halton Region is well-positioned to preserve this rating for years to come. We will continue to invest in our growing community and maintain a high quality of life for our residents and businesses.”
Halton’s 2024 Budget and Business Plan includes a 10-year Capital Budget and Forecast of $8.8 billion, which will help provide essential road, water and wastewater infrastructure that supports healthy and complete communities as more homes and businesses are built in the region.
Moody’s report indicated a stable outlook and confidence the Region will maintain the Aaa rating into the future, praising Halton Region’s diversified economy, growing population and strong fiscal management. Moody’s highlights the following strengths that lead to their decision:
- exceptional levels of liquidity and low debt burden;
- strong governance and management including forward looking operating and capital planning;
- diversified economy and strong population growth underpins rising tax base; and
- stable and predictable revenue sources support strong fiscal outcomes and shelter the Region from fiscal pressures including adverse Provincial changes.
In June 2023, S&P Global Ratings also maintained its top rating for Halton. Halton Region has upheld top credit ratings from S&P Global Ratings (AAA) since 2002 and Moody’s Investors Service (Aaa) since 1989.
To learn more about Halton Region’s financial information, including annual budgets and reports, please visit the Finance and Transparency page on halton.ca.
The Regional Municipality of Halton serves more than 637,000 residents in the City of Burlington, the Town of Halton Hills, the Town of Milton, and the Town of Oakville. Halton Region is committed to meeting the needs of its residents through the delivery of cost-effective, quality programs and services, including water and wastewater; Regional roads and planning; paramedic services; waste management; public health; social assistance; children’s and seniors’ services; housing services; heritage programs; emergency management and economic development. For more information, call 311 or visit Halton Region’s website at halton.ca.