The City of Regina’s credit rating has been graded as AA+ with a positive outlook.
The credit rating was conducted by S & P Global, and is performed yearly for the City of Regina.
Executive Director of Financial and Corporate Services Barry Lacey says this is good news.
“What that reflects is commitment to strong financial management, solid budgetary performance including our ability to respond to our fiscal landscape and relatively low debt levels at the city.”
Lacey says in the long run, this is good news for Regina residents.
“I think it’s also important to note that it provides an independent assessment that the city is committed to strong fiscal practices, and that along with a solid Regina economy positions the city of Regina well for long-term financial sustainability and the effective and efficient delivery of services to Regina residents.”
Last year, Regina’s credit rating was also a AA+, but only came with a stable outlook, something Lacey says is a sign of growth for the city.