Halton secures top credit rating once again

Halton has earned yet another AAA credit rating from S&P Global Ratings, indicating a high level of international confidence in the Region and its Local Municipalities. This achievement ranks us at the top end of Canadian municipalities, and we are pleased to celebrate another year of success.

S&P Global Ratings’ decision to uphold our top credit rating is based on our excellent financial performance, low exposure to risks and high-quality financial plans, policies and reports. Their research update features a wealth of high praise for the Region’s practices, including the following:

“Halton’s management is very strong, and has consistently proven its capacity to implement its strategic plan and budget. The region provides robust, comprehensive, and transparent disclosure and has well-defined financial policies and a well-documented financial plan… it has prudent and conservative policies as well as a stable and well-qualified management team to govern its debt and liquidity management. Halton demonstrates what we view as good political and managerial strength.”

Earning the highest possible credit rating from two international rating agencies—Moody’s Investors Service (Aaa) and S&P Global Ratings (AAA)—provides the Region with access to the best capital financing rates available. We use this advantage to help your tax dollars go further when we complete major road, water and wastewater projects in Halton.

Over the next 10 years, we will invest $4.2 billion into community infrastructure, with $1.6 billion for transportation and $2.1 billion into water and wastewater. While these strategic investments will help preserve the high quality of life in Halton, our top credit rating will help the Region ensure that every dollar spent delivers maximum value for taxpayers.

Our excellent track record is the result of prudent planning, strong performance and transparent reporting. By maintaining our strong financial position supported by a top credit rating, we can maximize investments in the future to ensure Halton remains a great place to live, work, raise a family and retire. To learn more about our finances and investments, visit halton.ca.

As always, if you have any Regional concerns or comments you would like to share, please feel free to email me at gary.carr@halton.ca. You can also find me on Twitter @garycarrhalton, LinkedIn or Facebook. To receive further updates on Regional issues, please subscribe to my quarterly e-newsletter, “The Carr Report”.