The City of Saskatoon has, again, received a ‘AAA’ credit rating with a “stable” outlook by S&P Global Rating Services. The city says, it’s a favourable ranking that the City has retained for more than 10 years.

S&P’s report indicates that the City “will continue to benefit from a strong and diverse economy that supports strong budgetary performance, keeping debt issuance manageable and liquidity exceptional.”

The report says the City’s “& disclosure and transparency are what we believe to be good, and the City prepares robust annual operating and capital budget documents.”
The report also highlights an expectation that the City’s strong financial management will keep Saskatoon with a ‘AAA/Stable’ rating for years to come.

The favourable review is in stark contrast to a report on accountability by the C.D. Howe Institute which grades the city at a D- on its budget and financial statements. In fact, the Institute singled Saskatoon out in its report as a place where, “A non-expert, struggling with financial reporting that we think merits a grade of D-, might think the city’s financial management is utterly inept.”