Halton Region continues to keep its top Credit rating.
On Friday, February 3rd, 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 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.”
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.
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