Moody’s Investor Service, a leading provider of credit ratings, research and analysis, gave the region the highest possible credit score this year for the 14th year in a row.
Similar to other highly rated municipalities in Ontario, Moody’s said Waterloo Region displays “strong governance and management characteristics. In addition to long-term planning for capital and operating budgets and a history of meeting fiscal targets, management adheres to conservative debt and investment management policies, thus limiting the region’s exposure to market-related risks and ensuring relatively smooth debt-servicing costs.”
Waterloo Region has historically outperformed Ontario on a number of economic and labour market indicators.
This year, the region will be spending money on projects:
•waste water treatment plant upgrades;
•landfill site maintenance and expansion;
•road network improvements and expansions;
•the rapid transit project (ION); and
•Grand River Transit garage expansions and fleet replacements.