S&P gives County of Wellington a triple-A rating with a stable outlook – Guelph

The County of Wellington is getting high marks for its fiscal responsibility.

Standard & Poor’s Global Ratings announced a triple-A rating for the county, the highest possible credit rating.

S&P cites a few factors leading to the high rating.

They include a strong local economy contributing to capital accounts remaining in a surplus and reliance on debt remaining in line with expectations.

S&P goes on to say the stable outlook reflects its view that a positive economic trajectory and prudent management will support strong financial results.

County Warden Kelly Linton says the upgraded credit rating reflects the county’s strong operating performance and excellent financial management.

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The City of Guelph reported last week that the agency also affirmed its credit rating at triple-A.

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