The City of Mississauga has received an ‘AAA’ credit rating, the highest rating, from Standard & Poor’s Ratings Services (S&P) for the 19th year in a row. The rating is a result of the City’s very strong financial management practices and proven budgeting process. S&P’s report noted that Mississauga was also recognized for its ability to put in place sound fiscal policies and respond effectively to external factors like the COVID-19 pandemic.
“Mississauga is a leader in effective financial management,” said Mayor Bonnie Crombie. “Our taxpayers have rightly come to expect us to be smart with their money, and residents and businesses alike can be confident that our city has a strong plan in place to grow our economy and remain prepared to weather any storm. Our ‘AAA’ credit rating reflects our dedication to prudent financial management and our strong financial team at City Hall. The direction and strategies they have provided have led us towards a robust recovery.”
Read the full press release on our corporate website here.