Halton Region is tops once again when it comes to credit ratings.
Moody’s Investors Service has affirmed Halton's AAA rating for the 36th time.
Region officials say this rating provides Halton and its local municipalities with access to the best possible financing rates, keeping long-term costs lower when financing major infrastructure projects.
“Providing quality infrastructure to service growth and making your tax dollars go further is a top priority,” said 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.”
Halton’s 2024 Budget and Business Plan includes a 10-year capital budget and forecast of $8.8 billion, which will help provide essential road, water and wastewater infrastructure.
Moody’s report indicated a stable outlook and confidence the Region will maintain the AAA rating into the future, citing the following as factors that lead to 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 underpin a rising tax base
- 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 for the 21st time.
To learn more about Halton Region’s financial information, including annual budgets and reports, visit the Finance and Transparency page on halton.ca.