Standard and Poor’s affirms AAA credit rating for Halton Region

On May 25, Standard and Poor’s Ratings Services (S&P) External Link affirmed Halton Region’s AAA credit rating. This is the twenty-second consecutive year S&P has affirmed the highest credit rating for Halton. The published review also attached a stable outlook to the rating, indicating its confidence in Halton’s ability to maintain this superior standing into the future.

Reaffirmation of Halton Region’s high credit rating is extremely important and excellent news for our residents because it ensures the Region and our Local Municipalities are able to borrow money at the lowest possible financing rates in the capital markets, minimizing the longer term costs of infrastructure capital. The Region’s lower costs can then be passed on to our taxpayers in the form of lower tax increases.

Over the last five years, the average annual tax increase for Regional programs and services has been approximately half a per cent – one of the lowest among municipalities in Canada.

The AAA credit rating is an achievement that is widely recognized in the investment industry and an acknowledgement of Halton’s strong financial position.

If you have any Regional concerns or comments you would like to share, please feel free to email me at gary.carr@halton.ca. To receive further updates on Regional issues, please subscribe to my quarterly e-newsletter, “The Carr Report.”