Ontario Community Newspapers

Independent & Free Press (Georgetown, ON), 24 Mar 2006, p. 9

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Region maintains top credit rating Once again, the Region has been rated number one when it comes to its credit. Independent ratings agency Moody's Investors Service recently reaffirmed Halton's AAA credit rating, allowing the Region and its four municipalities to borrow funds at the lowest possible interest rates. Moody's also attached a stable outlook to the Region's rating, indicating its continued confidence in Halton's financial management and ability to maintain the rating into the future. "The AAA credit rating is reserved for communities that consistently demonstrate strong financial performance and practice sound fiscal management," said Regional Chairman Joyce Savoline. "This reaffirmation of our top rating and our stable outlook reflects Halton's ability, and that of our local municipalities, to effectively plan for a prosperous future with strong and defensible policies." Moody's Investors Service noted that Halton Region continues to post strong financial results, reflecting a commitment to multi-year planning and sound fiscal management. "This is the 17th consecutive year that we have achieved the AAA rating, which says a lot about our ability to successfully manage our resources here in Halton," said CAO Brent Marshall. "Achieving the highest possible credit rating means that Halton can continue to invest in its infrastructure, ensuring that residents receive essential services and maintain our high quality of life."

Powered by / Alimenté par VITA Toolkit
Privacy Policy