Mississauga earns prestigious ‘AAA’ credit rating from Standard & Poor for the 22nd consecutive year

By September 12, 2025Announcement

Report cites Mississauga’s strong financial management and growth

September 12, 2025

Standard & Poor Global Ratings (S&P), a leading provider of credit ratings, research, and risk analysis, has assigned the City of Mississauga an ‘AAA’ credit rating, the highest rating that can be received, and includes a stable outlook for the City’s future. This rating reflects the City’s strong financial management practices and effective budgeting processes, which are designed to ensure long-term fiscal sustainability in a growing economy.

What does this mean for residents

This rating reflects the City’s commitment to strategically reinvest property taxes and enhance the quality of life for residents. S&P expects the City’s strong tax base and prudent financial management will support healthy operational budget balances, and the liquidity position will stay robust. The report highlights Mississauga’s healthy reserves and the dedicated capital levy as an important source of funding. S&P believes Mississauga is well positioned to manage additional responsibilities such as the transfer of waste collection services and regional roads from Peel Region. S&P expects that Mississauga will continue to manage its budget such that expenditures are offset by strong revenue growth.

The report notes that despite national economic uncertainty, the City continues to see substantial investments, particularly in life sciences and technology. Capital spending is expected to increase in the next two years with the support of funds from the Investing in Canada Infrastructure Program.

S&P also points to Mississauga’s proximity to major markets, as well as its extensive transportation infrastructure— including Canada’s busiest airport, two national railways, and five of the country’s busiest highways which continue to aid its economy and attract investment.

The report highlighted the strength of Mississauga’s management team, which is highly qualified and experienced in implementing effective fiscal policies and responding to external risks. S&P’s report also acknowledged the City’s robust financial policies, clear and transparent financial disclosure, strong budgeting practices, which include annual updates to multi-year business plans and a detailed operating budget with a three-year outlook and a 10-year capital plan.

To learn more about the City of Mississauga’s finances, visit mississauga.ca/financereports.

About S&P Global Ratings

In 26 countries around the world and a history that dates back more than 150 years, S&P Global Ratings provides high-quality market intelligence in the form of credit ratings, research and thought leadership. An S&P Global Ratings issuer credit rating is a forward-looking opinion about an obligor’s overall creditworthiness. ‘AAA’ is the highest issuer credit rating assigned by S&P Global Ratings.