S&P Global Ratings maintaining the region's rating at AA+, for the 3rd consecutive year
Some good news when it comes to the Niagara Region's financial health.
For the 3rd consecutive year, S&P Global Ratings is maintaining the region's AA+ credit rating, for it's strong financial management and outlook.
This is in a report from last month, reflecting on how well an organization is managed financially, and the state of the local economy and government.
The Niagara region says the rating looks at health care, manufacturing and trade, as well as investments in the electric vehicle sector in Port Colborne.
The report also shows how the region invests in infrastructure, with that debt growing, but the debt burden staying manageable.
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