Credit rating agency says Greater Sudbury’s financial management practices ‘are strong’
The City of Greater Sudbury announced Sept. 30 that credit rating agency Standard & Poor’s has confirmed in its global ratings that the Nickel City continues to enjoy a AA+ credit rating.
The rating is “an assessment of the municipality’s financial health based on factors such as historic financial performance, policies, economic growth and long-term plans.” “Sudbury's financial management practices are strong, and largely in line with those of similarly rated peers,” the city said S&P’s report states. “The city provides transparent, easy-to-access disclosure of pertinent information and prepares robust operating and capital budgets.
The city’s CAO, Ed Archer, said the reaffirmed rating confirms the city’s financial footing is solid. “This is one of the highest ratings available and reaffirms the view that Greater Sudbury's financial fundamentals are solid,” Archer said. “This result reflects council's and staff's strong focus on fiscal discipline and our commitment to the goals of our long term financial plan.”
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Using a credit card could soon cost you more as retailers allowed to pass on ‘swipe’ fees to customersRetailers can soon pass transaction processing fees on to customers who pay with credit cards.
Read more »
How credit card usage differs by generationYounger Americans are racking up credit card debt faster than older generations. In the time since the U.S.
Read more »
Heavy police presence in Mississauga as person barricaded near Credit Valley Hospital | CBC NewsBREAKING: Peel police and crisis negotiators were on scene Friday as a person reportedly barricaded themselves in Mississauga. There is a heavy police presence near the corner of Eglinton Avenue West and Erin Mills Parkway.
Read more »
NGEx secures US$3 million credit facility – Canadian InvestorNGEx secures US$3 million credit facility - CanadianInvestor CanadiansInvest
Read more »
THINKING OUT LOUD WITH SHELDON MacLEOD: Lights, casting, action! | SaltWireErin Hennessey discusses the opportunities and challenges as they look to try and fill demand. She hopes everyone in the province gets involved in background performing at least once in their lives. | SaltWire
Read more »
THINKING OUT LOUD WITH SHELDON MacLEOD: Lights, casting, action! | SaltWireHALIFAX, N.S. — A controversial change to Nova Scotia's film tax credit system in 2015 dramatically impacted the numbers of productions. But things have ...
Read more »