Moody’s maintains Region’s Aaa credit rating
Posted Feb 29, 2016 12:35:37 PM.
This article is more than 5 years old.
Top marks for the Region of Waterloo.
Moody’s has maintained the Region’s Aaa credit rating for a 16th year in a row.
Some of the highlights include our “diverse and robust local economy; consistent, positive operating results; strong management practices; and a mature and supportive institutional framework.”
The report also views our region as “stable” and expects our area continue to have the highest rating for the next few years.
“Maintaining this rating for so long is a reflection of the Region’s consistently sound financial management and forward-looking budgets,” said Ken Seiling, Regional Chair. “The Region continues to manage well while investing in the future to meet the needs of citizens.”
Craig Dyer, Chief Financial Officer for the Region says, “In addition to recognizing our credit strengths, this rating means the Region can borrow money at a better rate and pay less interest; providing more value for taxpayer dollars.”
