CFO Heather Taylor says increasing Toronto’s debt ceiling would reduce Toronto’s credit rating from AA to A, which would increase the city’s borrowing costs by 20%. She’s advising against it.
03:08 p.m.♡ 6↺ 1
CFO Heather Taylor says increasing Toronto’s debt ceiling would reduce Toronto’s credit rating from AA to A, which would increase the city’s borrowing costs by 20%. She’s advising against it.