Posted: Nov 21, 2013
In November 2013, Standard & Poor reaffirmed its positive outlook for the City of Sault Ste. Marie.
S&P, a financial institution that provides global credit benchmarks and research, maintained it’s A+ rating for the Municipality. The high rating was based on a number of factors, including the City’s low debt burden, its “very positive” liquidity position and its “predictable and well balanced” institutional framework.
“While the A+ credit rating from Stand & Poor’s is indicative of a well-run Municipality, particularly in how it manages its finances, it also speaks to the community having a stable economy in a period of global uncertainty,” said Tom Dodds, CEO of the Sault Ste. Marie Economic Development Corporation. "S&P's positive outlook suggests a promising future for the community."
Standard & Poor’s rates cities across Canada based on their debt management, local economy and expected growth.
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