Moody's affirms highest credit rating of AAA for Halton Region, for the 21st consecutive year

Moody’s Investors Service has published its annual review of Halton Region’s credit standing, affirming the highest rating of AAA for Halton for the 21st year in a row. Moody’s has also attached a stable outlook to this rating indicating its confidence in Halton’s ability to maintain this standing into the future.

“Halton Region’s high international credit rating is excellent news for our residents because it ensures that the Region and our Local Municipalities are able to borrow money at the best possible financing rates in the capital markets, minimizing the longer term costs of infrastructure capital,” said Halton Regional Chair Gary Carr. “The Region’s lower costs can then be passed on to the taxpayer.”

Over the last five years, the average annual tax increase for Regional programs and services has been approximately half a per cent – one of the lowest among municipalities in Canada.

Moody’s Investors Service noted that Halton Region’s adherence to prudent fiscal policies and long-term planning continues to lead to consistent, positive operating results and less reliance on debt issuance. It also observed the Region’s low debt burden and low debt service expenses provide Halton with an increased fiscal flexibility and enhanced ability to address financial pressures.

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