S&P Global Ratings has reaffirmed Niagara Region’s AA+ credit rating for the fourth straight year, citing strong financial management and a stable outlook.
The report highlights Niagara’s solid industrial base, including manufacturing, health care and trade, along with the Region’s focus on affordable housing, expanded transit and major economic investments.
S&P also noted Niagara’s significant capital plan covering water, wastewater, transportation and long-term care projects.
While capital spending remains high, the agency expects tax revenue growth to help maintain modest deficits and a manageable debt load.
(Written by: Brandon Warby)