For the 22nd year in a row, 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 its 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 Regional 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; and
- 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, 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.