If the City of Windsor needs to borrow, creditors are assured they'll get their investment back.
Standard and Poor's Global Ratings has again affirmed the city's long-term issuer credit and senior unsecured debt rating at AA+ with a stable outlook.
The rating company says the debt burden will remain below 30 per cent of operating revenues, and liquidity is robust.
"The continuation of our AA+ rating confirms our fiscal and financial commitment to the residents of the City of Windsor," said Commissioner of Finance and City Treasurer Janice Guthrie. "Our stable rating signifies the city's capacity to meet its financial obligations while at the same time supporting investment and growth in the community."
Standard and Poor's rates on long-term debt are measured on a scale of AAA to D. AA+ is one of the top ratings and signifies a strong chance of repayment.
