We expect the City of Brampton will maintain robust budgetary performances, exceptional liquidity, and a minimal debt burden in the next two years. We are affirming our 'AAA' long-term issuer credit rating on the city. The stable outlook reflects our expectation that, in the next two years, Brampton will keep its debt burden below 30% of operating revenues, maintain exceptional liquidity balances, and preserve robust budgetary performance. On Oct. 12, 2018, S&P Global Ratings affirmed its 'AAA' long-term issuer credit rating on the City of Brampton, in the Province of Ontario. The outlook is stable. The stable outlook reflects our expectation that Brampton's expanding capital plan will result in higher debt levels, at about 25% of operating revenues in 2020.
