The region recently received a Triple-A credit rating, which is the highest rating a municipal or regional government can achieve. This is the 24th consecutive year that Peel has received this rating.
S&P Global Ratings has reaffirmed the Region of Peel’s Triple A credit rating.
As noted by S&P, the Region’s “experienced management team has the capability to implement the strategic plan and budget in line with a set of financial policies that we believe have broad political support.”
Earlier this year, Moody’s Investors Service stated that the region has a strong governance framework and prudent financial management practices, including comprehensive, transparent and timely financial reporting.
“Peel’s credit profile reflects strong positive fiscal outcomes, an excellent liquidity profile and a diverse and robust economy,” said Moody’s.
With the region’s Long Term Financial Planning Strategy (LTFPS), Peel council aims to invest in services, programs and infrastructure to meet the needs of Peel residents, businesses and community partners today and in the future. The region is also trying to build a community for life with its’ 20-year Strategic Plan.
Brampton was also named one of the best cities to live.
According to the Best Places to Live: Canada Liveability Report by ReMax, Brampton met many requirements for livability with high marks. In terms of getting the highest average of marks in the index, Brampton tied with Calgary for the overall best score: 7 high marks and 4 medium marks.
The city marks high in the following categories:
“A high credit rating provides access to lower long-term borrowing costs for the Region of Peel as well as Brampton, Caledon and Mississauga for investments in infrastructure such as water, wastewater, roads and affordable housing. Regional Council’s oversight of Peel’s long term financial condition ensures Peel’s services are affordable today and sustainable in the future for both residents and businesses,” said Commissioner of Finance and Chief Financial Officer Stephen VanOfwegen.
