Moody’s Ratings has affirmed the City of Waterloo’s Aa2 issuer rating, a strong credit rating that reflects the city’s overall financial health, stability, and ability to responsibly manage debt and meet financial obligations. In simple terms, the rating signals that Waterloo is considered a financially reliable and well-managed community, which can help the city secure lower borrowing costs for infrastructure and improvement projects that benefit residents.
“This rating reflects the City’s commitment to responsible financial management and long-term planning,” said Bridgett Wood, City of Waterloo Finance Director. “Strong credit ratings help position Waterloo for future investments while protecting taxpayers and maintaining essential city services.”
According to Moody’s, Waterloo’s full property valuation increased from approximately $4.4 billion in 2022 to nearly $5.9 billion in 2025. The report also highlighted the city’s strong liquidity and consistent revenue growth.
City officials say maintaining a strong credit profile allows Waterloo to secure more favorable borrowing terms for infrastructure improvements and major capital projects that benefit residents and businesses.
“Moody’s recognition demonstrates the strength of our financial operations and the strategic work being done across City departments,” said Wood. “We remain focused on balancing investments in our community with long-term fiscal sustainability.”
The Moody’s report cited Waterloo’s available fund balance, net unrestricted cash position, and stable fixed-cost ratios as key indicators supporting the city’s financial standing.
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