Region maintains Moody’s AAA financial rating
Waterloo Region – Moody’s Investors Services has once again rated the Region of Waterloo with a AAA credit rating.
AAA credit ratings are considered to be of the highest quality. The Region’s AAA rating shows strong financial management and is a result of long-term planning, supported by a resilient and diversified local economy and diverse employment sectors. The Region’s AAA credit rating supports lower borrowing costs.
The Region has held a AAA rating since 2000. The Region continues to prioritize other capital funding sources, including reserves or pay-as-you-go capital financing in order to limit increasing the overall debt levels.
“Maintaining the Region’s triple-A credit rating demonstrates the strength of our financial planning as Council moves forward with the 2027 Plan and Budget Process,” said Karen Redman, Regional Chair. “It gives us a solid foundation to deliver the essential programs and services residents rely on, while protecting the Region’s long-term financial health.”
For more information on the Region’s AAA credit rating, see the Administration and Finance Committee report.
-30-