Report cites Mississauga's strong financial management and growth
City services | September 12, 2025
Standard & Poor Global Ratings (S&P), a leading provider of credit ratings, research, and risk analysis, has assigned the City of Mississauga an ‘AAA’ credit rating, the highest rating that can be received, and includes a stable outlook for the City’s future. This rating reflects the City’s strong financial management practices and effective budgeting processes, which are designed to ensure long-term fiscal sustainability in a growing economy.
This rating reflects the City’s commitment to strategically reinvest property taxes and enhance the quality of life for residents. S&P expects the City’s strong tax base and prudent financial management will support healthy operational budget balances, and the liquidity position will stay robust. The report highlights Mississauga’s healthy reserves and the dedicated capital levy as an important source of funding. S&P believes Mississauga is well positioned to manage additional responsibilities such as the transfer of waste collection services and regional roads from Peel Region. S&P expects that Mississauga will continue to manage its budget such that expenditures are offset by strong revenue growth.
The report notes that despite national economic uncertainty, the City continues to see substantial investments, particularly in life sciences and technology. Capital spending is expected to increase in the next two years with the support of funds from the Investing in Canada Infrastructure Program.
S&P also points to Mississauga’s proximity to major markets, as well as its extensive transportation infrastructure— including Canada’s busiest airport, two national railways, and five of the country’s busiest highways which continue to aid its economy and attract investment.
The report highlighted the strength of Mississauga’s management team, which is highly qualified and experienced in implementing effective fiscal policies and responding to external risks. S&P’s report also acknowledged the City’s robust financial policies, clear and transparent financial disclosure, strong budgeting practices, which include annual updates to multi-year business plans and a detailed operating budget with a three-year outlook and a 10-year capital plan.
To learn more about the City of Mississauga’s finances, visit mississauga.ca/financereports.
In 26 countries around the world and a history that dates back more than 150 years, S&P Global Ratings provides high-quality market intelligence in the form of credit ratings, research and thought leadership. An S&P Global Ratings issuer credit rating is a forward-looking opinion about an obligor’s overall creditworthiness. ‘AAA’ is the highest issuer credit rating assigned by S&P Global Ratings.
“Mississauga is consistently recognized for its strong and effective financial policies. We think strategically and make smart decisions to reinvest property taxes to improve the services and programs our community relies on. Maintaining the highest-level credit rating of AAA shows that our financial policies are working effectively – despite many economic challenges and financial pressures we face from other levels of government. We continue to manage taxpayer dollars wisely while making investments to maintain a high quality of life for all our residents.”
– Mayor Carolyn Parrish, City of Mississauga
“Mississauga’s AAA credit rating, including a stable outlook for our future, reflects our solid financial position, long-term fiscal sustainability and financial planning. This rating recognizes the City’s strength in budgeting practices and investment decisions to do the best for our community while adapting to economic conditions and assuming new responsibilities. Our robust infrastructure and strategic location continue to strengthen the City’s appeal as an investment hub of choice for many organizations from across the world.”
– Marisa Chiu, Commissioner of Corporate Services, and Treasurer, City of Mississauga
City of Mississauga Media Relations
media@mississauga.ca
905-615-3200, ext. 5232
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