NEWS RELEASE
REGION OF WATERLOO
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Moody’s Investors Services has rated the Region of Waterloo with a Triple A credit rating for another year. The Region’s Aaa rating reflects strong financial management and long-term planning, supported by a healthy economic base and diverse employment sectors. The Region has held the rating since the year 2000.
“Maintaining a triple A credit rating for over two decades speaks to Council’s commitment to strong financial stewardship,” said Karen Redman, Regional Chair. “We will continue investing in programs and services that support the needs of residents in a fiscally responsible, and sustainable way.”
The Region continues to prioritize other capital funding sources, including reserves or pay-as-you go capital financing in order to limit the growth in overall debt levels. Moody’s describes the Region’s outlook as “stable.”
“Solid financial management and planning is essential for achieving a thriving community,” said Michael Harris, Regional Councillor and Chair of the Administration and Finance Committee. “We take great pride in the community’s trust to make financial decisions that will benefit residents not only today, but for years to come as we grow to one million people.”
Read Moody’s detailed announcement.
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