Niagara Region Shines with Credit Rating as AA+

Standard & Poor’s Global Ratings has reaffirmed Niagara Region’s credit rating as AA+ with a stable outlook. In a report released last week, the rating agency praises the Region’s financial management practices and lists its strong institutional framework as being key to the rating.S&P also highlights the amalgamation of regional transit and corresponding upload under a new transit commission as a success for Niagara. A credit rating reflects how well an organization is managed financially and looks at the current state of the local economy, and local government framework. However, the document warns of challenges the Region faces to maintaining its current score, saying the regional economy will continue to face challenges from inflation and high interest rates.