According to the S&P, the region has a stable outlook.
The Niagara Region has managed to keep its credit rating strong.
According to credit rating agency Standard and Poor's (S&P), the Region has manageable debt levels and very healthy liquidity.
The S&P report says as Niagara takes on more debt to pay for critical infrastructure, revenue growth will keep the debt burden within a reasonable range.
While the regional economy is expected to face challenges from inflation pressures and the risk of a recession, the report suggests Niagara is on solid economic ground.
"Solid financial management is important as Niagara Region continues to advance key strategic initiatives and responds to important challenges at the local level. The AA+ rating highlights our success in managing taxpayer dollars responsibly. I would like to thank Regional staff for their hard work and dedication and also acknowledge the support from members of Regional Council in decisions that aim to deliver positive results for our residents and communities." ~ Todd Harrison, Treasurer and Commissioner
Temporary Patio Program Turned Down
Port Colborne Trying to Reduce Water Rates
Province Supporting Niagara Festivals
2nd Suspect Arrested in Vape Store Theft
Man Charged with Sexual Assault
Public Health Asking for $42-Mill
Fort Erie Increasing Pressure on Niagara Health
150th Birthday Celebrated at Montebello Park