Niagara Maintains AA Credit Rating During Pandemic

Tuesday, 20 October 2020 06:59

By Marcie Culbert

The Niagara Region has maintained its AA credit rating.

But the latest Global Ratings report from Standard and Poor's says Niagara could have a slower economic recovery when compared to other Regions.

It also says the Region's debt levels are manageable and our stable rating could improve if we see a healthier growth in population and household incomes.

Regional Chair Jim Bradley was happy with the report overall.

"The stable rating reflects the sensible financial management of our leadership team and employees who strive every day to ensure Niagara remains on solid economic ground, even during these unprecedented times."

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Niagara Maintains AA Credit Rating During Pandemic

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