City Of Windsor Financial Rating Affirmed At ‘AA’

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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.”