Agency says the Region is in good financial shape
The Niagara Region has received a high credit rating.
According to Standard & Poor's Global Ratings, the region has received an AA+ rating.
The agency is praising the Region's financial management practices... and instutional framework.
It also says the Region had a lot of success with the amalgamation of regional transit and the corresponding upload under a new transit commission.
However, it does suggest the region may face some challenges from inflation and high interest rates.
It recommends managing debt related to growth as Niagara builds up local services and infrastructure.
"I commend the work Regional staff has undertaken to maintain the AA+ credit rating from Standard and Poor's. The stable rating reflects the sensible financial management of our leadership team and employees who strive every day to ensure Niagara remains on solid economic ground, even during these financially challenging times." Jim Bradley, Regional Chair
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