City of Greater Sudbury Receives Strong Credit Rating for Eighth Consecutive Year

The City of Greater Sudbury has once again earned an AA+ credit rating with a stable outlook from S&P Global Ratings — marking the eighth consecutive year the municipality has received a rating of AA or higher.

This recognition reflects Greater Sudbury’s strong financial health, prudent fiscal management and long-term planning — all of which support its ability to meet fiscal commitments.

“S&P’s assessment reaffirms the disciplined financial management of our city,” said Greater Sudbury Mayor Paul Lefebvre.  “An excellent credit rating signals stability, sound decision-making and long-term confidence that Greater Sudbury can meet its financial obligations and is a secure place to invest and grow.”

The report identifies several key strengths, including a growing population and economy — both expected to expand and diversify — as well as the City’s robust liquidity and prudent and conservative fiscal policies. It notes the municipality’s increasing but manageable debt levels, which are projected to peak in 2026 before decreasing as large infrastructure projects are completed.

“This rating is a testament to the City’s commitment to responsible budgeting, strategic planning and careful stewardship of taxpayer dollars,” said Margaret Karpenko, Executive Director of Finance and Chief Financial Officer for the City of Greater Sudbury. “We’re committed to maintaining this momentum by strengthening our financial policies, optimizing resources and supporting sustainable growth.”

S&P Global Ratings offers credit ratings, data analysis and insight to both the private and public sectors. The company’s research emphasizes transparency and assists investors in making educated decisions. S&P has an extensive history in the financial sector that dates back more than 150 years.

The full report from S&P is available at www.greatersudbury.ca/creditrating.