I am pleased to share that Halton Region has earned a top credit rating from Moody’s Investors Service for the 36th consecutive year. Moody’s analysis praised Halton Region’s diversified economy, growing population and strong fiscal management.
Maintaining a top credit rating provides Halton and its Local Municipalities with access to the best possible financing rates and allows public funds to go further when investing in essential Regional works including road, water and wastewater projects that support healthy, complete communities. This is especially important as Halton’s 2024 Budget and Business Plan includes a 10-Year Capital Budget and Forecast of $8.8 billion, which includes infrastructure investments to support the building of more homes and businesses in our growing region.
Moody’s report indicated a stable outlook and confidence the Region will maintain the Aaa rating into the future. Moody’s highlighted the following credit strengths:
- exceptional levels of liquidity and low debt burden;
- strong governance and management including forward looking operating and capital planning;
- diversified economy and strong population growth underpins rising tax base; and
- stable and predictable revenue sources support strong fiscal outcomes, and shelter the Region from fiscal pressures including adverse Provincial changes.
Halton Region has maintained its top credit rating from S&P Global Ratings since 2002 and Moody’s Investors Service since 1989. We are proud to have earned this distinction for the 36th consecutive year, so the Region can continue its ongoing work to keep Halton a great place to live, work, raise a family and retire.
To learn more about Halton Region’s financial information, including annual budgets, reports and more, please visit the Finance and Transparency page on halton.ca.