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

Advertisements

One thought on “Guelph Receives Upgraded Credit Ranking from Standard and Poors

  1. 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?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s