Durham Region maintains Triple A credit rating

Durham Region has once again maintained its Triple A credit rating with Moody’s Investors Service of New York.  This rating places Durham Region as one of only eight select Canadian municipalities to have an excellent reputation in the investment community.  Moody’s outlined a number of Durham Region’s credit strengths, such as: strong financial planning; sound management practices; the utilization of current funds to pay for capital infrastructure projects; the maintenance of reserve funds; and affordable property tax and revenue-based increases.  They were also impressed with the allowance made in the Regional budget to accommodate increased pressure on the social assistance provided to residents, as a result of the recent economic climate.  Moody’s has also indentified that Durham Region has diversified and will benefit from a number of industries and a growing institutional base.

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