Community Dashboard: Credit rating
Source: About credit ratings
Rationale and analysis
Why this measurement is important
Credit ratings provide a common and transparent global language for investors and other market participants, corporations and governments, and are one of many inputs they can consider as part of their decision-making processes.
How we measure this data
As per definition outlined by Standard and Poor's (also referred to as "S and P").
Progress and advancements
As of June 2022, S&P upgraded Niagara Region’s credit rating to an “AA+” standing, from “AA”. As of October 2024, Niagara Region continues to maintain this, highlighting the organization's strong financial management and stable financial outlook
The improved “AA+” rating affirms a continued commitment to the delivery of high-quality service while also focusing on affordability.
In the near term, the regional economy will continue to face headwinds from inflation pressures and rising recession risk. Prudent financial management practices will continue to support the Region’s creditworthiness, the report states.
About this indicator
Credit ratings are forward-looking opinions about the ability and willingness of debt issuers, like corporations or governments, to meet their financial obligations on time and in full.
More information
© Niagara Region - 1815 Sir Isaac Brock Way, Thorold, ON, L2V 4T7 - Phone: 905-980-6000, Toll-free: 1-800-263-7215
