Niagara Region secures credit rating recognition for fourth consecutive year

November 26, 2025

In October 2025, S&P Global Ratings reaffirmed Niagara Region’s AA+ credit rating, citing strong financial management and a stable outlook.

This marks the fourth consecutive year Niagara Region has earned this rating.

Ranging from D to AAA, S&P Global Ratings assigns a credit rating to various entities, including governments, corporations, and financial institutions. A strong credit rating leads to improved access to financing and lower borrowing costs, making it easier for Niagara Region to finance critical infrastructure projects and meet its development goals.

The report released by S&P Global Ratings praised Niagara Region’s intensive financial practices and transparent reporting, while noting the strength of key industries in Niagara, such as manufacturing, health care, and trade. The report also highlighted the Region’s focus on affordable housing, expanded transit and major investments, like an electric vehicle battery separator facility, which will further diversify the economy.

S&P Global Ratings pointed to Niagara Region’s substantial capital plan, including infrastructure for water and wastewater, transportation and long-term care facilities. While elevated capital spending poses challenges, the agency expects tax revenue growth to offset costs, resulting in modest deficits and a manageable debt burden.

Quote:

"I am thrilled to receive this AA+ credit rating for the fourth consecutive year. Our teams at Niagara Region are extremely diligent and committed to fiscal responsibility and transparency. This is a massive team effort. From Community Services and Public Works to Financial Management and Planning, our departments and divisions worked together during this evaluation process. I would like to thank everyone at Niagara Region who is involved in this for their hard work and congratulate them for helping the Region achieve this rating. I also extend my appreciation to Regional Council for their ongoing support."

Tim Ellis, Commissioner of Corporate Services

Media contact

Rachel Dedinsky
Senior Communications Specialist
Niagara Region
905-980-6000 ext. 3747
rachel.dedinsky@niagararegion.ca