"Windsor will continue to exhibit strong fiscal management with a stable and highly experienced management team."
That's high praise for the city council and the administration at Windsor City Hall on Thursday from S&P Global Ratings.
It affirmed the city's credit rating at AA+.
According to S&P, the rating means Windsor has a "very strong capacity to meet financial commitments.
The highest rating is AAA+.
"City council's unwavering commitment to fiscal prudence, strategic investments to diversify the economy and create jobs, as well as dedication to our infrastructure has earned Windsor a favourable rating and confidence," crowed Windsor Mayor Drew Dilkens after the rating. "This independent evaluation not only validates that our city is currently on the right track but also a promising future ahead."
The agency also issued a stable outlook for Windsor.
"The AA+ rating is an affirmation to residents of the City of Windsor of administration and council's commitment to fiscal financial responsibility and signifies that the city is considered a low-risk investment within the financial capital markets," said Commission of Corporate Services, Chief Financial Officer, and City Treasurer Janice Guthrie.
