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For Immediate Release:
September 14, 2017
 
 

Region of Peel is One of Only 12 Canadian Municipalities to Receive Triple-A Credit Rating

Resulting from the Regionís responsible use of tax dollars and long-term financial sustainability

BRAMPTON, ON. (Sept. 14, 2017) Ė The Region of Peel's Triple-A credit rating was reaffirmed by both Moody's Investor Services and S&P Global Rating. The Region has held a Triple-A credit rating for 22 consecutive years.

"We are proud to be one of only 12 Canadian municipalities with the highest possible credit rating a municipality or region can receive," said Stephen VanOfwegen, Commissioner of Finance and Chief Financial Officer. "This rating is a reflection of our every-day commitment to manage tax dollars responsibly and deliver value-added, affordable services to residents and businesses today and over the long-term."

Maintaining a high credit rating is one of the key outcomes of the Region's Long Term Financial Planning Strategy (LTFPS), which guides Regional investments in services, programs and infrastructure to meet the needs of Peel residents, businesses and community partners today and in the future. It supports the Region's 20-year Strategic Plan with a vision of building a Community for Life across Peel.

The Region of Peel works with residents and partners to create a healthy, safe and connected community for life for more than 1.4 million people and approximately 143,000 businesses in the cities of Brampton and Mississauga and the Town of Caledon. Peel's services touch the lives of residents every day. For more information about the Region of Peel, explore peelregion.ca and follow us on Twitter at @regionofpeel.

 

Media Contacts:

Genevieve Ricciardella
Specialist, Corporate Communications
Region of Peel
905-791-7800, ext. 4672

Communication Services, 10 Peel Centre Dr., Brampton, ON L6T 4B9
Phone: 905-791-7800, Fax: 905-791-0595, e-mail


Revised:

www.peelregion.ca

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