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City Government

Performance

Credit Rating

S&P Global Ratings (formerly Standard & Poor's) have raised the City's credit rating from AA- Positive to AA Stable based on strong budgetary performance, effective cost controls, low municipal debt burden, and excellent liquidity balances.  The stable outlook is based on S&P Global's expectation that the city will continue to maintain low debt burdens along with healthy reserve funds and liquidity balances.  Each year, S&P Global Ratings conducts an extensive review and issues the updated credit rating:

2017 Standard & Poor's Annual Credit Rating - Summary
2016 Standard & Poor's Annual Credit Rating - Summary   Adobe PDF, 8 pages, 270 KB
2015 Standard & Poor's Annual Credit Rating - Summary Adobe PDF, 8 pages, 273 KB
2015 Standard & Poor's Full Report Adobe PDF, 11 pages, 284 KB
2014 Standard & Poor's Annual Credit Rating  Adobe PDF, 8 pages, 285 KB
2013 Standard & Poor's Annual Credit Rating   Adobe PDF, 5 pages, 271 KB
2012 Standard & Poor's Annual Credit Rating
2011 Standard & Poor's Annual Credit Rating
2010 Standard & Poor's Annual Credit Rating

 

2017 BMA Study

The City of Thunder Bay also participates in a municipal comparative study conducted by BMA Management Consulting Inc.

In 2017, 102 municipalities participated in the study which provides comparisons of financial information, select user fees, tax policies and rates, sewer and water services, and taxes as a percentage of income.