Halton Region continues to keep its top Credit rating.
On Tuesday, March 19th, Moody’s Investors Service reaffirmed Halton Region’s AAA Credit rating for another year. This allows Halton Region and its four municipalities (Milton, Oakville, Burlington, and Halton Hills) to receive the best funding rates in the capital markets.
Moody’s report praises Halton Region’s diversified economy, growing population, and strong fiscal management.
The Region has maintained its top credit rating from Moody’s Investors Service for the last 36 years.
“Providing quality infrastructure to service growth and making your tax dollars go further is a top priority,” says Halton Regional Chair Gary Carr. “We have earned a top credit rating for 36 years in a row and Halton Region is well-positioned to preserve this rating for years to come. We will continue to invest in our growing community and maintain a high quality of life for our residents and businesses.”
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 underpins 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 June 2023, S&P Global Ratings also maintained its top rating for Halton. Halton Region has upheld top credit ratings from S&P Global Ratings (AAA) since 2002 and Moody’s Investors Service (AAA) since 1989.
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