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Media Release

City of Brampton maintains strong credit rating for 2019


BRAMPTON, ON (October 10, 2019) – S&P Global has affirmed the City of Brampton’s Triple 'A' rating for 2019, the highest credit rating a municipality can receive, with a stable outlook. According to S&P, the rating reflects the City’s solid financial management.  
 
Highlights

S&P Global states that a number of factors contribute to the City’s strong credit rating. Highlights from the report include:

“Brampton maintains an exceptional liquidity position, with a debt service coverage level stronger than that of peers.”

“City continues to take the necessary steps to meet its growth needs and manage its finances prudently.”

“The city provides transparent, easy-to-access disclosure to pertinent information and prepares detailed operating and capital budgets.”

Link

City of Brampton 'AAA' Rating Affirmed; Outlook Remains Stable

Quotes

“As a Well-Run City with sound financial management and commitment to government excellence, Brampton has maintained its strong credit rating for yet another year. The City’s resilient financial standing is one of many factors that make Brampton attractive for investment. This rating supports our efforts to bring more Foreign Direct Investment into the City.”
   
- Mayor Patrick Brown

“Brampton’s solid financial position is a vote of confidence for our community and investors. As one of the fastest-growing cities in Canada, and one that sits on the Innovation Corridor, it is our responsibility to balance the needs of our diverse community, including residents and businesses. We are committed to being financially responsible in our approach.”

- Regional Councillor Paul Vicente, Vice Chair, Budget Committee
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As one of the fastest-growing cities in Canada, Brampton is home to 650,000 people and 70,000 businesses. People are at the heart of everything we do. We are energized by our diverse communities, we attract investment, and we are embarking on a journey to lead technological and environmental innovation. We partner for progress to build a healthy city that is safe, sustainable and successful. Connect with us on Twitter, Facebook, and Instagram. Learn more at www.brampton.ca.
 
MEDIA CONTACT
Christine Sharma
Media Relations, City of Brampton
905.874.2880 | christine.sharma@brampton.ca