(ESSEX, ON) – As the result of a recent evaluation, the credit rating for the County of Essex has been upgraded to an AA+, with stable outlook, by Standard and Poor’s. The County of Essex has the highest credit rating afforded to a county level government in Ontario.
“This rating provided by S&P is really a reflection of the strengthening of initiatives and financial stewardship practices and policies subscribed to by our County Council,” said Rob Maisonville, the CAO for the county. “Sound financial health and correlating financial management principles are integral to ensuring we can continue to provide residents with high-quality services.”
Additional factors in upgrading the county’s credit rating includes continued improvements in regional economic performance, strong financial management, exceptional liquidity levels, a very strong budgetary performance, a predictable and well-balanced institutional framework, and low debt.