BRAMPTON, ON – 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), the rating 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