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.