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Guelph credit rating upgraded to AA+

Guelph, ON, August 29, 2013 – Earlier today, Standards & Poor’s Rating Services (Standards & Poor’s) increased Guelph’s credit rating from AA to AA+. “We are very pleased to see Guelph’s credit rating upgraded again this year,” said City treasurer, Al Horsman “The AA+ rating reaffirms our belief that the City’s financial position is not only healthy, it’s getting stronger.” According to the Standard & Poor’s Ratings Direct Research Update, “Guelph demonstrates good financial management, which has a positive impact on its credit profile. The City has a robust set of financial policies and annual financial statements are audited and unqualified. Guelph provides transparent, easy-to-access disclosure to pertinent information and prepares detailed operating and capital budgets.” The improved credit rating also reflects Standard & Poor’s… Continue reading Guelph credit rating upgraded to AA+