The Niagara Region has maintained it's "AA" credit rating with a stable outlook. That's according to the latest report from Standard and Poor's.
Regional Chair Jim Bradley is happy with the results.
"The report from credit rating agency Standard and Poor's is a positive reflection on the management of the Region's fiscal resources. We are proud to continue to have the AA rating which highlights both our successful budgetary process and the hard work of our talented staff."
The credit rating agency says the Niagara Region's long-term plans are very realistic with a good level of detail.
But it's a also reporting a less favourable socioeconomic profile, thanks to slow population growth and weak demographic trends.
It says the expansion of the GO train service could fix the problem because it would lead to an influx of younger people.
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