Toronto Community Housing credit rating affirmed

Toronto Community Housing credit rating affirmed

July 28, 2011

Standard and Poor's credit rating service has affirmed Toronto Community Housing's AA-credit rating.

The rating reflects Toronto Community Housing's strong operational cash flow and supportive relationship with the City of Toronto. The stable outlook will promote the company's efforts to spend money wisely and well in providing affordable housing, connecting tenants to services and opportunities, and working together to build healthy communities.

A strong credit rating is important for Toronto Community Housing to continue to access the capital debt market for alternative ways, such as bond issues and syndicated debt, to implement innovative solutions such as our revitalization of Regent Park.

For more information, please log on to Standard and Poor's website: