City of Hamilton’s credit rating raised to ‘AA+’

HAMILTON, ON - June 19, 2017 - On June 16, Standard and Poor’s (S&P) Global Rating Services released their recent research update, raising its long-term credit and debt ratings on the City of Hamilton to ‘AA+’ from ‘AA’.  

The ‘AA+’ credit rating and stable outlook reflects S&P’s assessment of their rating factors for the City including strong budgetary performance, a very strong economy, exceptional liquidity, strong financial management and expected very low debt burden.

“I am extremely pleased with the recent update from Standard and Poor’s. The fact that our rating has increased to ‘AA+’ proves that we are on the right track; our strong economy, low debt and exceptional liquidity confirms that Hamilton is a thriving municipality. This stable outlook will allow Hamilton to sustainably finance its capital projects over the next two years. Thank you to staff in helping to achieve this rating.” - Mayor Fred Eisenberger, City of Hamilton