Region of Durham, one of only eight Canadian municipalities with Triple A credit rating from Moody’s

Whitby, Ontario – The Regional Municipality of Durham’s Triple A credit rating has been reaffirmed by Moody’s Investors Service for the 32nd consecutive year, placing Durham among only eight Canadian municipalities with this distinction.

By maintaining a Triple A credit rating, Durham and its eight local municipalities benefit from lower long-term borrowing costs, especially during periods when significant investment is required.  

Moody’s cited Durham’s strong fiscal management, exceptional liquidity and very low levels of debt as key reasons for maintaining the highest possible credit rating. The Region’s financial planning approach ensures it remains well-positioned to manage increasing demand for programs, services and infrastructure as the population continues to grow.

Durham’s economic strength is built on sector diversification and continued population growth. Durham also incorporates environmental, social and governance analysis, such as carbon transition, green initiatives and climate adaptation, into its long-term financial planning.

The Region remains committed to sound financial planning and responsible investment in its future. For more information on Durham Finance, visit durham.ca/Finance.  

Quotes

“This achievement reaffirms our dedication to sustainable financial management over the long term. The Triple A credit rating gives our stakeholders confidence in the Region’s commitment to fiscal responsibility and lets our residents and businesses know that we are managing their tax dollars responsibly.”

- John Henry, Regional Chair and Chief Executive Officer

“The Region’s longstanding Triple A credit rating benefits all residents and businesses of Durham Region. Upholding key ratings factors outlined by Moody’s reflects the principles of our long-term financial planning framework, including financial sustainability, flexibility and affordability. This credit rating allows us to move strategic Regional initiatives, priority programs and services forward, while adapting to economic challenges and uncertainties.” 

- Nancy Taylor, Commissioner of Finance

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