Good news for the City of Kingston, and any future investors. The city received a AA credit rating with a stable outlook.
The rating analyses the risk of investing in Kingston. The rating highlighted the city’s staff, fiscal policies, debt policies and interim reporting to council. Economic growth and environment also played a role in the high score.
This is the third year in a row that Kingston has received these top marks.
“We do a good job of planning, so our long term planning. And, of prioritising what needs to be done. So, we can’t do everything tomorrow. And so we do a good job, that’s thanks to council for setting the priorities, that gives us our road map.” – Desiree Kennedy, City Treasurer