Niagara Maintains AA Credit Rating During Pandemic

Tuesday, 20 October 2020 06:59

By Marcie Culbert

The Niagara Region has maintained its AA credit rating.

But the latest Global Ratings report from Standard and Poor's says Niagara could have a slower economic recovery when compared to other Regions.

It also says the Region's debt levels are manageable and our stable rating could improve if we see a healthier growth in population and household incomes.

Regional Chair Jim Bradley was happy with the report overall.

"The stable rating reflects the sensible financial management of our leadership team and employees who strive every day to ensure Niagara remains on solid economic ground, even during these unprecedented times."

More from Local News

Province Investing Against Invasive Species

The $2-million will help the Niagara region
Niagara Driver Charged with Drug Impairment

OPP say this happened on Highway 17, when a car was seen weaving all over the road
Welland Man Arrested for Child Porn

Police say they noticed child sexual abuse material shared on a social media page early this month
28 More Doctors Hired in Niagara

The region and Niagara Health coordinating new partnership to find even more doctors
Killed Police Officers Honoured by NRP

Police Chief praised Niagara members for standing at attention in 'pounding rain'
Niagara Wineries Shuttle Service Possible

The CUTRIC hopes the province supports helping people move among wineries
Canal Days Vendors Warned of Scams

The City of Port Colborne says criminals are sending fraud emails for payment
Niagara Falls Exploring Hub to Help Homeless

Former CAO Ken Todd has been meeting with community groups

Niagara Maintains AA Credit Rating During Pandemic

Share

More from Local News