COVID-19 pandemic.According to S&P Global Ratings, Guelph’s ability to meet its financial commitments is between very strong and extremely strong.
Guelph’s proposed $67-million library will not receive government funding: mayor “This strong AA+ credit rating is more important than ever given the current economy and state of emergency,” Guelph Mayor Cam Guthrie said in a statement.The city said S&P believes that despite the economic slowdown caused by the novel coronavirus, the city will recover within the next two years due to “prudent financial management and cost containment efforts” along with the city’s “exceptional” liquidity position.Guelph’s CAO Scott Stewart said all the credit goes to council and staff.“I’d also like to thank our.