Annual Credit Rating
Area of Focus: Leading
Why is this important?
- A credit rating is a reflection of how well an organization is managed financially, and also looks at the current state of the local economy, and the local government framework.
- Strong financial management allows the Region of Peel to continue to respond to the changing needs of our vibrant and diverse community.
How is this measured?
- A credit rating is based on assessments from external evaluators (Moody's Investors Service and S&P Global) who look at factors such as liquidity, financial management, and the economy.
- The highest possible rating is Triple-A.
What progress are we making?
- The Region of Peel has maintained a Triple-A credit rating since 1995.
- This rating reflects the Region's strong long-term financial planning and management and underscores its commitment to investing in creating a community for life across Peel.
- Like other Canadian municipalities that have been experiencing high population growth, Peel has used a combination of debt financing and reserves to finance infrastructure projects.
- The Region of Peel's continued outlook for the future is one of population and employment growth, so the Region is Planning and Managing for Growth out to 2041 in order to carefully balance the growth-related debt burden with the pressure that population growth puts on services and infrastructure.