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Waterloo Region can afford to borrow to invest

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.

Source: www.therecord.com

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.

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