City of Windsor Financial Rating Affirmed at AA+ by S&P
S&P Global Ratings has affirmed its long-term issuer credit and senior unsecured debt ratings for the City of Windsor as AA+ citing that “Windsor will continue to exhibit strong financial management, with a stable and highly experienced management team.”
“City Council's unwavering commitment to fiscal prudence, strategic investments to diversify the economy and create jobs, as well as dedication to our infrastructure has earned Windsor a favourable rating and vote of confidence. This independent evaluation not only validates that our city is currently on the right track but also a promising future ahead,” said Mayor Drew Dilkens.
S&P also issued a stable outlook for the city, noting an expectation that “Windsor's prudent and forward-looking financial management practices will continue supporting the city's typically strong budgetary results.”
“The AA+ rating is an affirmation to residents of the City of Windsor of Administration’s and Council’s commitment to fiscal financial responsibility and signifies that the City is considered a low risk investment within the financial capital markets,“ said Commissioner of Corporate Services, Chief Financial Officer and City Treasurer Janice Guthrie.