Credit Rating Report
Credit Rating
Victoria’s Bond Rating Reaffirmed at AAA
S&P Global Ratings (formerly Standard & Poor’s) reaffirmed the city’s AAA bond rating in June 2020 and evaluated the outlook as stable.
The report cites the following factors in its assessment of the city’s ratings.
View the full S&P ratings report for the city (PDF).
Victoria’s Bond Rating Reaffirmed at AAA
S&P Global Ratings (formerly Standard & Poor’s) reaffirmed the city’s AAA bond rating in June 2020 and evaluated the outlook as stable.
The report cites the following factors in its assessment of the city’s ratings.
- Very strong economy
- Very strong management with strong financial policies and practices
- Strong budgetary performance with operating surpluses
- Very strong budgetary flexibility (fund balance of 60% operating expenditures)
- Very strong liquidity
- Weak debt (31% of expenditures) with 74% of debt scheduled to be retired in 10 years
View the full S&P ratings report for the city (PDF).