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Feb

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

Standard & Poor’s (S&P) Ratings Services has affirmed its long-term issuer credit and senior unsecured debt ratings for the City of Windsor as ‘AA,’ citing the city’s “strong financial management, favourable economic conditions and low debt burden”.
 
S&P also issued a stable outlook for the city, noting an expectation that, “in the next two years, Windsor will maintain strong budgetary results, supported by prudent financial management, reduce its tax-supported debt burden while maintaining a healthy liquidity position.”
 
Windsor Mayor Drew Dilkens commented that “The City’s strong financial profile as confirmed by this independent rating reaffirms that City Council’s prudent fiscal policies are continuing to serve the City well”.
 
S&P went on to recognize Windsor’s “thorough and transparent disclosure, long-term financial sustainability plans, multiyear operating and capital budgets, and a robust investments policy”.
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Assistant Editor