Mayor Bryan Paterson says the rating shows Kingston is financially strong and a smart place to invest.
For the fourth year in a row, City of Kingston has maintained its AA+ credit rating with a stable outlook from S&P Global Ratings.
Mayor Bryan Paterson says the rating shows Kingston is financially strong and a smart place to invest, even during uncertain economic times. S&P’s review highlights the city’s diversified economy, strong financial management and prudent debt policies.
An AA+ rating is the second-highest bond rating S&P assigns. The agency evaluates cities based on several factors, including economic stability, financial management, budget performance and debt levels.
CFO Desiree Kennedy says maintaining the rating helps Kingston access favourable borrowing terms and demonstrates responsible financial stewardship.
The city has received top marks for several years, including an upgrade from AA to AA+ in 2022. Officials say this consistent rating reinforces Kingston’s reputation as a resilient and well-managed community.
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