City of Vancouver maintains top credit rating and stable outlook

The City of Vancouver has achieved a ‘AAA’ credit rating with a stable outlook from S&P Global Ratings, reflecting strong financial management and a stable revenue base. Approximately 80% of its operating revenue comes from local sources like property taxes and user fees. Vancouver's net direct debt is 26.9% of operating revenue, consistent with other AAA-rated municipalities. Despite cost pressures, the city's financial position remains robust, supported by diverse revenue streams. S&P expects Vancouver's economic outlook to stay stable amid global trade uncertainties.