Research Update: City of Brampton Issuer Credit Rating Affirmed At 'AAA'; Outlook Is Stable

We expect the City of Brampton's strong economy and prudent financial management will allow the city to achieve healthy and stable operating results in the next two years. We believe after-capital balances will be pressured, in part due to Brampton's population growth. This will increase reliance on debt, but it will remain low and below that of similarly rated peers. Accordingly, S&P Global Ratings affirmed its 'AAA' long-term issuer credit rating on Brampton. The stable outlook reflects our expectation that the expanding local economy and strong management will support the city's solid financial results. We also expect Brampton's liquidity position will remain a key credit strength. On Oct. 11, 2024, S&P Global Ratings affirmed its 'AAA' long-term issuer credit rating

...- We expect the City of Brampton's strong economy and prudent financial management will allow the city to achieve healthy and stable operating results in the next two years. - We believe after-capital balances will be pressured, in part due to Brampton's population growth. This will increase reliance on debt, but it will remain low and below that of similarly rated peers. - Accordingly, S&P Global Ratings affirmed its '###' long-term issuer credit rating on Brampton. - The stable outlook reflects our expectation that the expanding local economy and strong management will support the city's solid financial results. We also expect Brampton's liquidity position will remain a key credit strength....

Research Update