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Halton receives Aaa credit rating for the 35th consecutive year

Feb 21, 2023

Halton receives Aaa credit rating for the 35th consecutive year

Feb 21, 2023

On February 3, 2023, Moody’s Investors Service reaffirmed Halton Region’s Aaa Credit rating for another year. Achieving this rating status ensures that Halton Region and its Local Municipalities that borrow under this credit rating will continue to receive the best funding rates in the capital markets. Moody’s report praises Halton Region’s growing and diversified economy with a rising population, its fiscal management practices and institutional framework. The Region has maintained its top credit rating from Moody’s Investors Service for the last 35 years.

“Preserving Halton’s strong financial position has been an essential part of enhancing our services and critical investments, especially as we work to grow and support infrastructure for residents,” said Halton Regional Chair Gary Carr. “We are proud to preserve this credit rating for the 35th consecutive year. Receiving this Aaa credit rating confirms our prudent financial planning and supports our ongoing plans to maintain a high quality of life in Halton.”

Earning a top credit rating from Moody’s Investors Service is critical to preserving Halton’s strong long-term financial position as the Region works to build and enhance infrastructure. This distinction is a key objective in the 2023 Budget and Business Plan, and allows public funds to go further when investing in essential Regional works, including road, water and wastewater projects that help build healthy, complete communities.

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

In July 2022, S&P Global Ratings also upheld its top rating for Halton. Halton Region has maintained 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, reports and more, please visit the Finance and Transparency page on

The Regional Municipality of Halton serves more than 624,000 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:
Claudia  Santos
Communications Specialist
Communications, Digital & Information Services
905-825-6000, ext.3260