The City of Mississauga has received an ‘AAA’ credit rating, the highest rating, from Standard & Poor’s Ratings Services (S&P) for the 20th 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’s strong economy would continue to support expanding service needs despite slower economic growth. This is good news and demonstrates Mississauga is ready to become an independent city with the dissolution of Peel Region.
“Mississauga has a longstanding reputation as a municipal leader in excellent and effective financial management,” said Mayor Bonnie Crombie. “Funds collected from property taxes are invested back into improving the livelihood of our residents and businesses. As a Mississauga resident, you can continue to count on the City’s leadership and financial management team as we move Mississauga forward. I’m proud of our triple A credit rating and look forward to seeing our investments in action, as we continue to make Mississauga one of the best cities to live, work and play in. This rating is confirmation that Mississauga is ready to take on independence and thrive.”
Read the full press release on our corporate website here.