Brampton retains Triple ‘A’ credit rating and a ‘Stable’ outlook

Standard & Poor’s (S&P) today affirmed the City of Brampton’s Triple ‘A’
rating. Along with the credit rating, S&P has issued a ‘Stable’ outlook for the City of Brampton. Triple ‘A’is the highest credit rating a municipality can receive and according to Standard & Poor’s (S&P), therating reflects the City’s solid financial management.
Highlights
According to S&P, the rating is due to a number of factors including:
 Strong financial management practices: Continuing focus on improving control systems, and
transparent, easy-to-access disclosure.
 Exceptional liquidity: Brampton’s strong operating balances point to a robust cash flow
capability, well above debt service requirements and stronger than that of its peers.
 Strong economy: Brampton benefits from a very strong and well-diversified economy, and good
socioeconomic and demographic characteristics.
Quote
“This strong rating reflects the City’s continued focus on good municipal governance and accountability
to residents. Brampton is well-positioned to move forward in making the necessary investments to
transform our Downtown, and beyond that, build the connected, inclusive, innovative and bold
Brampton described in the 2040 Vision.”
– Brampton Mayor Linda Jeffrey