It is not very often that a municipality can boast an upgraded credit ranking. Our “AA” rating has been consistent for several years, but has now been boosted to a “+Positive” position (from Stable).
A copy of the full report can be found here http://www.guelph.ca/uploads/Finance/StandardPoors/2012_Aug24_Guelph_SandP_ResearchUpdate.pdf
This is very good news in a recessionary economy as it points to our resiliency, diversified economy and financial and debt policies and management practices.
L
AA still eaves us behind that smoking crater of debt known as USA. AA at a time of record low unemployment, and record high property prices… what would it take to be AAA… like Canada?