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Halton Region achieves AAA Credit rating for another consecutive year

Jul 28, 2022

Halton Region achieves AAA Credit rating for another consecutive year

Jul 28, 2022

S&P Global Ratings (S&P) has once again upheld Halton Region’s AAA Credit rating. This is the highest rating that a municipality can achieve and is a testament to the strong financial position and prudent financial policies and practices of the Region. Municipalities that borrow under this credit rating access the best possible capital financing rates and minimize long-term infrastructure capital financing costs.

“Halton Region has once again earned this AAA distinction for 20 years in a row,” said Halton Regional Chair Gary Carr. “This top rating allows public funds to go further and helps ensure top value for taxpayer dollars as Halton Region invests in critical infrastructure projects that keep Halton a great place to live. This is yet another acknowledgement of the Region’s continued prudent fiscal management practices and planning to maintain 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, 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

The Regional Municipality of Halton serves more than 595,000 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

Media Contact:
Holly  Einboden
Communications Specialist
Communications & Customer Service
905-825-6000, ext.7930