District Get's Upgraded Credit Status

Posted: 2021-10-12 09:12:46 By: thebay

The District of Muskoka says that Moody’s Investors Service, an international bond credit rating firm, affirmed the District’s credit rating of Aa2 and upgraded its status from stable to a positive outlook.

In a release issued by Moody’s, the firm cites District Council’s strong governance and its prudent fiscal management during the pandemic.   

The District says maintaining a high-quality credit rating provides access to lower long-term borrowing costs for both the District for investments in infrastructure such as water, wastewater, roads, bridges, and other community projects.