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<br />County of Essex <br />County of Essex - Credit Rating <br />Page 3 <br />Second, the Stable outlook rating reflects the expectation that the County of Essex's credit <br />rating quality should remain constant in the coming years. Relatively stable economic <br />performance, maintaining the Corporation's current approach to funding capital projects with <br />minimal debt issuance, a financially managed approach to funding capital expansion initiatives <br />and no large unexpected borrowing undertaken by the lower-tier members were sighted as <br />significant factors in maintaining the County's credit quality. <br />Recommendation <br />For the information of Council. <br />iWo ~~ <br />Robert J. Maisonville Brian J. Gregg 1 . <br />Director of Corporate Services / Treasurer Chief Administrative Officer <br />Attachment Standard & Poor's Rating - County of Essex <br /> January 8, 2007 <br />G:\users\rob\2007\commilteereports\S&PcreditRating 011707 R02 <br />