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Financial Performance & Credit Rating

Financial Performance & Credit Rating

The City of Saskatoon received another 'AAA'/Stable credit rating from the international bond-rating agency, S&P Global Ratings (S&P) January 2019. Receiving a 'AAA' credit rating essentially means that the City of Saskatoon can borrow money at lower rates, and is viewed by financial institutions as having virtually no-risk with respect to defaulting on credit. The City of Saskatoon has received the 'AAA'/Stable credit rating every year for more than a decade. The S&P Global Ratings January 2018 Report notes the City’s historically stable budgetary performance and sound financial management, and also foresees a robust economy and healthy outlook for Saskatoon.

 SP Global Ratings  Research Update January 2019 AAA Report for Saskatoon
 S&Plobal Ratings Research Update January 2018 AAA Report for Saskatoon 

Update August 26, 2019: The City’s mid-year ‘AAA/Stable credit rating affirmation August 26, 2019, comes as a result of S&P Global Ratings publishing updated methodology on July 15, 2019, for assigning ratings to local and regional governments outside of the United States. The mid-year ‘AAA’/Stable rating for the City was reissued based on a cursory review using the new criteria as well as the most current information as of the date of S&P's reissued report. 

 S&P Global Ratings Report August 26, 2019 “City of Saskatoon Ratings Affirmed at ‘AAA’; Outlook Remains Stable