Financial Performance & Credit Rating

UPDATE: January 12, 2026: S&P Global Rating' (S & P) has reaffirmed the City of Saskatoon’s credit rating as the highest rating possible, a ‘AAA’ credit rating with a “stable” outlook. The City has retained the ‘AAA’/Stable credit rating for twenty-four years since S&P first began affirming the City’s credit ratings in 2002. News Release January 12, 2026

Maintaining the top 'AAA' credit rating is a testament to the City of Saskatoon's strong financial management and adaptability.

Key quotes from S&P’s analysis, rationale and outlook contributing to the confirmation of the City’s strong credit rating as stated within January 12, 2026, S&P Global Ratings Direct® Report for the City of Saskatoon include:

“The City’s administration remains largely stable, with significant experience and a record of effectively enacting fiscal policies.”
"The City consistently produces detailed annual budget documents. It also prepares multi-year operating and capital budgets alongside comprehensive long-term capital and borrowing plans. This underpins fiscal transparency and discipline, in our assessment.”
"The stable outlook reflects S&P Global Ratings’ expectation that Saskatoon will continue to benefit from a resilient economy that supports budgetary performance, maintain exceptional liquidity, and keep its debt burden manageable at below 45% of adjusted operating revenues."
“In our view, Saskatoon's strong and prudent financial management is a key credit strength.”
“We view both management accountability and transparency as strong, as reflected in ongoing disclosures and grounded assumptions.”

Credit ratings are one of several tools that investors and lenders use when making decisions regarding an organization’s future financial strengths and weaknesses. For the City of Saskatoon, confirmation of S&P Global Ratings ‘AAA’/Stable rating serves as an indication of the City’s credit risk and ability to meet its financial obligations in full and on time. The rating is also viewed as critical to support stakeholders’ confidence and the trust of our community.