Niagara maintains its "AA" Credit Rating
The Niagara Region has maintained its "AA" stable credit rating.
The report released from the bond rating agency Standard and Poor's notes Niagara's very strong liquidity and moderate debt burden.
It also states the Region had $243 million of net debt at the end of 2012 and its debt ratio remains conserative compared with its global peers, but slightly higher than similarly rated domestic peers.
Regional Chair Gary Burrough's calls the report welcome news for Niagara and sends a message to investors and residents of the Region that Niagara has a strong financial foundation.