Standard & Poor's Ratings Services assigned its 'AAA' credit rating on the City of
Mississauga for the third straight year, based on the City's exceptional liquidity levels,
debt-free position, and strategically located economy.
According to Standard & Poor's, "Mississauga's debt-free tradition continued into
2005; placing the City ahead of its domestic and international peers with respect to debt
burden. This was largely made possible through the City's large cash and investment holdings,
allowing it to finance its capital programs on a pay-as-you-go basis."