City of Ottawa receives good credit rating
The City of Ottawa has received a high credit rating based on its growing economy and low debt.
The rating comes from Standard and Poor's, an agency that evaluates the credit ratings of corporations.
S and P gave Ottawa a rating of AA+, the second highest rating possible.
While this year's rating was a good one, city treasurer Marian Simulik said that Ottawa's debt is likely to increase in the next few years, especially with the construction of the downtown tunnel project.