You are here

body
 

 COVID-19 Response for Saskatoon Residents

On March 19, 2020, the City decided to close public access to City Hall and all City buildings, including fire stations, leisure facilities, attractions and Saskatoon Public Library locations. While we are closed to the public, our business operations continue to ensure core services for our residents as much as possible. Public transit currently remains operational.

Financial Performance & Credit Rating

February 4, 2020, the City of Saskatoon received another 'AAA'/Stable credit rating from the international bond-rating agency, S&P Global Ratings (S&P). 

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 February 2020 Report notes the City’s historically stable budgetary performance, sound financial management and policies, and  foresees a strong economy and healthy outlook for Saskatoon.

 S&P Global Ratings Research Update February 2020  "City of Saskatoon Ratings Affirmed at 'AAA'; Outlook Remains Stable"
 S&P 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