Guelph Receives Upgraded Credit Ranking from Standard and Poors

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