Wellington County keeps AAA credit rating
Global News
Standard and Poor's cites a number of factors that allowed Wellington to maintain its AAA credit rating.
The County of Wellington is keeping its perfect credit rating.
Standard and Poor’s Global Rating announced that the county’s credit rating will remain at AAA, Outlook Stable. That is the highest credit rating a municipality can receive.
In a news release, the company cites a number of factors that led to the AAA rating:
Municipalities that have a AAA credit rating are able to gain access to the best possible capital financing rates and minimize long-term infrastructure capital financing costs.
Chris White, who is a county councillor and chair of the finance and human resources committee, says the rating will enable public funds to go further. He adds it will help the county fund critical infrastructure projects.
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