LEWISTON - The Niagara Falls Bridge Commission (NFBC) today announced that Standard & Poor’s (S&P), one of the world’s most trusted bond rating agencies, has affirmed its “A” rating on 1993 toll revenue bonds.

According to its assessment, S&P cited “three-bridge system as benefiting from historically sound debt service coverage and strong liquidity, as well as no additional revenue debt plans” in affirming the “A” rating. 

“We are very pleased with the Standard & Poor’s review and their confirmation of our current high bond rating,” said Norma Higgs (Niagara Falls, NY), Chair of the Niagara Falls Bridge Commission.  “This is just another example of the strong fiscal management and fiduciary responsibility that has been commonplace among the Commissioners at the NFBC since the creation of our organization over 70 years ago.”

“The Commission’s recent adoption of formal liquidity and swap management policies was viewed most favourably by Standard & Poor’s,” noted Commission Vice-Chair, Dr Kenneth Loucks (St Catharines, ON).