Guelph, Ont., August 25, 2017 – Yesterday, S&P Global Ratings (S&P) announced the City of Guelph’s credit rating is strong and remains at AA+ with stable outlook.
“This is an independent, third-party confirmation of the City’s solid financial position and practices. It sends a strong signal that our municipal finances are in excellent shape,” said Mayor Cam Guthrie.
“For five years, the City has maintained the AA+ rating which reflects our strong financial position and staff and Council’s commitment to making strategic financial decisions,” says Derrick Thomson, chief administrative officer.