The latest Credit Rating report from Standard & Poors for the City of Regina shows it has maintained a strong AA+ credit rating with a stable outlook.
Standard & Poor’s is a financial services company that offers credit ratings, data analysis and equity research to both the private and public sectors worldwide. The City of Regina has received an AA+ credit rating since its first rating was issued in 1989. This year’s reaffirmed rating was based on the following strengths of the City:
• Strong financial management
• A track record of solid budget performance
• Exceptional liquidity
• A robust economy that is stabilized by a significant public sector base
“This is great news for Regina,” says Mayor Michael Fougere. “The City’s consistently strong credit rating reflects the commitment of Council and City Administration to making reliable and sensible financial decisions. This helps maintain a financially stable future for the City of Regina and its residents.”
The Standard & Poor rating shows that the City is in a sound position as it relates to its current and projected debt, and demonstrates a commitment to long-term planning and financial management.
An independent credit rating review of the City is performed annually and provides an indicator of the City’s overall credit worthiness.