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.
According to S&P, the rating is due to a number of factors including:
• Robust financial policies: Provides transparent and easy-to-access disclosures.
• Exceptional liquidity: Brampton’s strong operating balances point to a robust cash flow capability.
• Strong economy: A dynamic, well-diversified economy and a very predictable and well-balanced institutional framework.
• Improved budgeting practices: Restructuring within the last two years resulted in the strengthening of Brampton's budgeting practices, improvement in control measures and transformation of its senior management.
“A solid financial management system is important as we advance key strategic initiatives and strive to build a stronger global presence for Brampton. As a City, we continue to focus on good municipal governance and accountability to our residents.”
- Mayor Linda Jeffrey
Brampton is thinking bigger.
We are a future ready organization with a sharp focus. We know our community’s growth, youth and diversity set us apart. We sit at the centre of Canada’s innovation super corridor, encouraging investment and growing our global success. We are building vibrant urban centres that ignite opportunity and instill pride in the people who live and work here. We are moving Brampton forward to be a connected city that is innovative, inclusive and bold. Follow us on Twitter
. Learn more at www.brampton.ca
City of Brampton
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