It’s hard to find good economic news these days, but sometimes the good news finds you. In a media release on Tuesday, the City of Guelph announced that under the new framework of Standard & Poor’s Global, the credit agency responsible for assigning the credit rating for Canadian municipalities, Guelph has a AAA rating, but don’t pop the champagne cork just yet because there’s a catch! Continue reading “Guelph in the Strike Zone for AAA Credit Rating with New Framework”
For the eighth year in a row, the City of Guelph has secured a AA+ rating from the Standard & Poors global rating agency. This good economic news comes in the midst of a fiscal year where Guelph has been hit with the negative effects of COVID-19 and the economic problems created by the pandemic, and although Guelph is not alone in these conditions, it seems again we’re doing better than some of the others. Continue reading “Guelph Stays AA+ Despite the Financial Fallout of the Pandemic”
A prime indicator for the financial health of the Corporation of the City of Guelph, Standards & Poors has affirmed its AA+ credit rating for the City for a seventh straight year while adding that the outlook is still stable. Continue reading “S&P Extends AA+ Credit Rating For a Seventh Year”
It seems that the Ontario Budget announced in April is the gift that keeps on giving, even though you wish you could return it. One of the world’s leading credit agencies is warning that the cuts to funding and other proposed actions in the budget could result in a rate cut to Ontario’s municipalities, as cities across the province are forced to deal with $2 billion loss in revenue over the next 10 years. Continue reading “Moody’s Flags Risk and Threatens Rate Cut Because of Ontario Budget Effects”
Every week, the City of Guelph and other groups send out notices to announce new events, imperatives, and information that you need to know. Here is this week in press releases. Continue reading “This Week in Press Releases – August 25-September 1, 2017”
In an announcement that should chill out voices of concern about the City of Guelph’s financial outlook, Standards and Poor’s (S&P) Global Ratings agency has given our fair city a AA+ rating with a stable outlook for the fourth year in a row. Continue reading “S&P Gives Guelph AA+ for the Fourth Year in a Row”
Considering that financial prudence (or lack there of) is going to be an issue in the municipal election, it came as somewhat suspicious that the City of Guelph would release the following press release on the Friday before the long weekend that official launches the campaign in earnest. Yes, the city wants to remind citizens that Standards & Poor’s has decided to continue our status as an AA+ credit rated municipality. That sounds pretty good, but will it be persuasive enough for city hall’s critics endorse the current administration when it comes time to case ballots? Continue reading “PRESS RELEASE – City Touts Continually Strong Credit Rating”
Guelph Politico 