Moody’s maintains Region’s AAA credit rating
Posted Jan 22, 2015 12:23:19 PM.
This article is more than 5 years old.
For the 15th year in a row, Waterloo Region has maintained it’s AAA credit rating.
Moody’s Investors Service has awarded the Region of Waterloo with the highest credit rating possible.
The top score is thanks to the Region’s diverse and robust local economy; consistent, positive operating results; strong management practices; and a mature and supportive institutional framework.
The high rating allows the Region to borrow money and at better rate and pay less interest.
“Maintaining this rating for so long is a reflection of the Region’s consistently sound financial management and forward-looking budgets,” said Regional Chair Ken Seiling. “The Region continues to manage well while investing in the future to meet the needs of citizens.”