City of Windsor Financial Rating Affirmed at ‘AA+’ by S&P

S&P Global Ratings has affirmed its long-term issuer credit and senior unsecured debt ratings for the City of Windsor as double A plus (‘AA+’) with a stable outlook, citing that “the stable outlook reflects S&P Global Ratings’ expectation that, in the next two years, Windsor’s prudent and forward-looking financial management practices will continue supporting the City’s typically strong budgetary results. We also expect that after some debt issuance, the debt burden will remain well below 30% of operating revenues and the City will maintain robust liquidity.”

“City Council’s unwavering commitment to strong financial management and responsible investment in growth has again earned Windsor a favourable credit rating and vote of confidence. Our ability to maintain an AA+ bond rating is a testament to a robust local economy and a long-term vision for Building Windsor’s Future that provides more jobs and opportunities to all residents”

Mayor Drew Dilkens.

“The continuation of our AA+ rating confirms our fiscal and financial commitment to the residents of the city of Windsor. Our stable rating signifies the City’s capacity to meets its financial obligations while at the same time supporting investment and growth in the community,” said Commissioner of Finance and City Treasurer Janice Guthrie.