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City of Mississauga Rated "AAA" By Standard & Poor's

Oct 04, 2011

Standard & Poor's reaffirmed the City of Mississauga's 'AAA' credit rating for the eighth year in a row.

According to the Standard & Poor's, this rating reflects Mississauga's "debt free status, diversifying economy and very strong liquidity."

"This rating continues to demonstrate Mississauga's legacy of strong leadership, excellence in financial planning and prudent financial management," said Brenda Breault, commissioner of Corporate Services and treasurer. "Mississauga’s continued financial strength is a direct reflection of our comprehensive business planning and budget process that ensures our resources are allocated carefully to deliver key priorities."

As Canada's sixth largest city, Mississauga is home to 734,000 residents and 55,000 businesses, including 63 Fortune 500 companies with Canadian head offices or major divisional head offices. A diverse, progressive and award-winning municipality located on the shores of Lake Ontario in the heart of the Greater Toronto Area, Mississauga is "Leading Today for Tomorrow" by focussing on delivering services, implementing its Strategic Plan, delivering value for money, maintaining infrastructure and continuing to be an employer of choice.