...Credit context and assumptions Base-case expectations Robust economy and strong management practices will support the City of Brampton's creditworthiness as it enters the second wave of the pandemic. + The city's economic diversity and healthy growth potential are key to its post-pandemic recovery. + We expect financial management practices will remain prudent, allowing the city to maintain healthy operating results and support growth needs. + We believe the city's relationship with the Province of Ontario will remain well balanced and generally supportive. Effective cost cutting and provincial funding will aid in reducing the revenue impact of COVID-19, as infrastructure needs persist. + We believe the restrictions in place to address the pandemic will have a manageable impact on operating results, largely restricted to the current fiscal year. + We expect the city will proceed with its growth-driven capital program as planned, keeping its after-capital balance in a small deficit. + Even...
