Annual Financial Report

Water and wastewater infrastructure:

$4.1 billion to support services for new developments and ensure a state-of-good-repair and maintenance for facilities.

Transportation infrastructure:

$4.0 billion to support development and maintenance of Regional transportation infrastructure, including road widening, grade separations, road resurfacing, road studies, bridges and culvert projects.

Energy, fleet and facilities infrastructure:

$101.2 million to deliver assisted and affordable housing projects.

Moody’s Investor Services Aaa rating

On March 19, 2024, Moody’s Investors Service affirmed its top credit rating for Halton Region for the 36th consecutive year, providing the Region and its Local Municipalities with continued access to the best funding rates in the capital market.

Moody’s report highlighted the following credit strengths as rationale for 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 leads to rising tax base; and 
• stable and predictable revenue sources support strong fiscal outcomes, and shelter the Region from fiscal pressures including adverse Provincial changes.

To learn more about Moody’s review and analysis, please read the report presented to Halton Regional Council from the March 20, 2024 meeting:

Report to Council:
March 20, 2024 (external PDF)

S&P Global Rating AAA rating

On June 13, 2024, S&P Global Ratings (S&P) also completed their annual review and maintained their highest rating of AAA for Halton Region.

S&P’s rating analysis included the following rationale in support of the AAA rating:

• steady population growth, high income levels, and a broad economy foster stability in the Region’s property tax base;
• prudent financial management efforts and solid economic base;
• very strong budget performance; and
• exceptional liquidity position and satisfactory access to external liquidity for financing needs.

To learn more about S&P’s review, please read the report presented to Halton Regional Council from the June 19, 2024 meeting:

Report to Council:
June 19, 2024 (external PDF)