31 °C
87 °F
33 °C
91 °F
Chance Of ShowersSat
28 °C
82 °F
24 °C
75 °F

Summer Festival Guide

Traffic Cameras

Photo Of The Day

Lowest Gas Prices

City Of Windsor Financial Rating Affirmed At ‘AA’

Friday February 20th, 2015, 12:40pm


Hello time traveller!!
This article is 3023 days old.
The information listed below is likely outdated and has been preserved for archival purposes.

Standard & Poor’s Ratings Services has affirmed its long-term issuer credit and senior unsecured debt ratings for the City of Windsor as ‘AA,’ citing the city’s “low debt burden, exceptional liquidity, strong budgetary performance, and strong financial management.”

S&P issued a stable outlook for the city, noting an expectation that, “in the next two years, the city’s tax-supported debt burden will continue to decline, liquidity will remain exceptional, and budgetary performance will remain strong.”

“As we embark on a new term of Council, we’re pleased and encouraged to receive this affirmation from S&P once again,” says Mayor Drew Dilkens. “It serves as one more signal that staying our course of financial prudence is paying off.”

S&P also said, “In our view, Windsor demonstrates strong financial management. The city prepares annual financial statements, audited and unqualified, and a detailed one-year operating budget and five-year capital plan, which are approved annually. In addition, we believe it has a robust set of financial policies and very prudent debt and liquidity management practices.”

Do You Like This Article?

Content Continues Below Local Sponsor Message
Content Continues Below Local Sponsor Message
Content Continues Below Local Sponsor Message