In the face of an uncertain economy, the City of Windsor will take good news when it comes its way.
S&P Global Ratings is keeping its credit and senior unsecured debt ratings at AA+ with a stable outlook.
It comes in handy if the city needs to borrow.
In releasing the rating, S&P Global Ratings said the local economy should stay strong despite trade tensions between Canada and the U.S.
"We view Windsor's economy as less diversified than its peers and as concentrated in the automotive industry, which has become an inflexion point of recent trade discussions," said the report from the rating agency. "Nonetheless, we expect the local economy of Windsor will remain resilient, with the recent opening of the battery plant and the Gordie Howe International Bridge expected to open by fall of 2025. The start of the construction of the acute care hospital in 2026 will further support that growth."
Mayor Drew Dilkens called it a vote of confidence in the city's "unwavering commitment to strong financial management and strategic investments."
"City council is building Windsor's future through a focus on investment, growth, and stability," said Dilkens. "Even amidst a climate of uncertainty resulting from threats of tariffs and a trade war with the U.S., we are working diligently to leverage all opportunities in support of a robust local economy and to navigate the unique challenges that come with unprecedented growth and development in our community."
The report by S&P Global Ratings also said Windsor's operating and multi-year capital budgets are realistic, timely, and reflect the goals of the city's long-term financial plan.