City Of Windsor Financial Rating Affirmed At ‘AA’ By S&P
Monday February 26th, 2018, 7:30pm
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Standard & Poor’s (S&P) 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 “strong financial management, favourable economic conditions and low debt burden”.
S&P also issued a stable outlook for the city, noting an expectation that, “in the next two years, Windsor will maintain strong budgetary results, supported by prudent financial management, reduce its tax-supported debt burden while maintaining a healthy liquidity position.”
They also recognized Windsor’s “thorough and transparent disclosure, long-term financial sustainability plans, multiyear operating and capital budgets, and a robust investments policy”.
