City of Mississauga Rated “AAA” By Standard & Poor

//City of Mississauga Rated “AAA” By Standard & Poor

City of Mississauga Rated “AAA” By Standard & Poor

The City of Mississauga has been assigned Standard & Poor’s Ratings Services ‘AAA’ credit rating for the sixth straight year, based on the City’s debt-free status, excellent liquidity, and robust economy. According to Standard & Poor’s, “Mississauga has remained steadfast in its approach to financing capital expenditures entirely on a pay-as-you-go basis, which is consistent with the fiscal policy it passed in 1996. It has adhered to the policy primarily by drawing on its substantial capital reserves. This has enabled Mississauga to stay debt-free, keeping it well ahead of its domestic and international peers in this regard.”

“The City of Mississauga has a long history of fiscal prudence and sound financial management,” said Janice Baker, City Manager and CAO. “Identifying ways to deliver services more efficiently and cost effectively is part of our business culture and has helped us maintain our AAA rating, despite the current economy.”

By | 2015-03-19T22:43:19+00:00 December 15th, 2009|Categories: Realty Talk|Tags: |Comments Off on City of Mississauga Rated “AAA” By Standard & Poor

About the Author:

Amit Kalia
Amit is a full time local REALTOR® since 2003. Currently he is with RE/MAX Real Estate Brokerage Inc. in Mississauga. RE/MAX is Canada's #1 real estate company. He is supported by a very strong Sales and Marketing team. Together with his team, Amit has been serving property sellers, first time buyers, real estate investors, landlords, renters, new immigrants to Canada and non-residents. Amit and his team specialize in Square One condos and also work in many other Mississauga neighbourhoods. Team Amit Kalia offers a 30 Days Sold Guarantee to Sellers. Amit's team also provides exclusive A La Carte property management services for their investor clients and landlords.