Table 1
City of Windsor -- Selected Indicators (cont.)
| (Mil. C$) | 2018 | 2019bc | 2020bc | 2021bc | 2022bc |
|---|---|---|---|---|---|
| Balance after capital accounts | (33) | (20) | (56) | (24) | (22) |
| Balance after capital accounts (% of total revenues) | (4.6) | (2.8) | (7.8) | (3.2) | (2.9) |
| Debt repaid | 7 | 7 | 8 | 8 | 7 |
| Gross borrowings | 0 | 0 | 0 | 0 | 0 |
| Balance after borrowings | (40) | (28) | (64) | (33) | (29) |
| Direct debt (outstanding at year-end) | 78 | 71 | 63 | 54 | 47 |
| Direct debt (% of operating revenues) | 11.6 | 10.2 | 9.2 | 7.5 | 6.4 |
| Tax-supported debt (outstanding at year-end) | 78 | 71 | 63 | 54 | 47 |
| Tax-supported debt (% of consolidated operating | 11.6 | 10.2 | 9.2 | 7.5 | 6.4 |
| revenues) | |||||
| Interest (% of operating revenues) | 0.6 | 0.5 | 0.5 | 0.5 | 0.4 |
| National GDP per capita (single units) | 60,011 | 61,290 | 58,634 | 62,727 | 64,658 |
The data and ratios above result in part from S&P Global Ratings' own calculations, drawing on national as well as international sources, reflecting S&P Global Ratings' independent view on the timeliness, coverage, accuracy, credibility, and usability of available information. The main sources are the financial statements and budgets, as provided by the issuer. bc--Base case reflects S&P Global Ratings' expectations of the most likely scenario. N/A--Not applicable. N.A.--Not available. N.M.--Not meaningful.
Ratings Score Snapshot
Table 2
City of Windsor -- Ratings Score Snapshot
| Key rating factors | Scores |
|---|---|
| Institutional framework | 2 |
| Economy | 2 |
| Financial management | 2 |
| Budgetary performance | 3 |
| Liquidity | 1 |
| Debt burden | 1 |
| Stand-alone credit profile | aa |
| Issuer credit rating | AA |
S&P Global Ratings bases its ratings on non-U.S. local and regional governments (LRGs) on the six main rating factors in this table. In the "Methodology For Rating Local And Regional Governments Outside Of The U.S.," published on July 15, 2019, we explain the steps we follow to derive the global scale foreign currency rating on each LRG. The institutional framework is assessed on a six-point scale: 1 is the strongest and 6 the weakest score. Our assessments of economy, financial management, budgetary performance, liquidity, and debt burden are on a five-point scale, with 1 being the strongest score and 5 the weakest.
Key Sovereign Statistics
• Sovereign Risk Indicators, April 24, 2020. Interactive version available at http://www.spratings.com/sri