Standard & Poor's Ratings Services has given the City of Windsor a ‘AA’ financial rating.
S&P has affirmed its long-term issuer credit and senior unsecured debt ratings for the city, citing the Windsor’s “low debt burden, exceptional liquidity, strong budgetary performance, and strong financial management.”
The ratings service says it issued a stable outlook for Windsor and expects that “in the next two years, the city's tax-supported debt burden will continue to decline, liquidity will remain exceptional, and budgetary performance will remain strong.”
Windsor mayor Drew Dilkens says he’s pleased and encouraged to receive this affirmation from S&P once again.
“It serves as one more signal that staying our course of financial prudence is paying off,” says Dilkens.
S&P says Windsor demonstrates strong financial management. In addition, “we believe it has a robust set of financial policies and very prudent debt and liquidity management practices.”
