S&P Gives Niagara Region 'AA' Credit Rating

Thursday, 4 November 2021 11:00

By Linda Morgan

Agency says region's budgetary performance remains stable as economy hampered by border and travel restrictions.

Standard & Poor's (S&P) Global Ratings is giving the Niagara Region top marks.

The region has received an 'AA' credit rating.

In a report released on October 18th, the agency says while the area's economy suffered due to travel and border restrictions, Niagara's budgetary performance remained stable.

The S&P says this is due to the continued flow of tax revenue, actions taken to offset revenue loss and increase in expenditures and funds received from the provincial and federal governments.

The agency also notes the region has a strong financial management and strong liquidity.

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S&P Gives Niagara Region 'AA' Credit Rating

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