Halton Region has earned its AAA credit rating from S&P Global Ratings for the 20th year in a row. This rating reflects Halton’s strong financial position, prudent fiscal management practices, stable operations and effective multi-year planning.
By maintaining a top credit rating, Halton Region and the four Local Municipalities that borrow under this credit rating will continue to obtain the best possible financing rates in the capital markets minimizing the longer-term costs of infrastructure capital. This allows public funds to go further when invested in high-quality programs and services that help improve the community and make Halton a great place to live.
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, robust long-range planning guided by detailed asset management plans and a diverse economic base;
- solid budgetary performance and limiting debt issuance; 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.