Scoop has an Ethical Paywall
Credit Rating Upgrade For Waitakere City
Credit Rating Upgrade For Waitakere City
Waitakere City Council has received a credit rating upgrade from international agency Standard and Poor's.
After the Council decided to re-engage the agency it received an 'AA-/A-1+' issuer credit rating.
The Council’s Chief Executive, Vijaya Vaidyanath, says a new AA- rating will give the Council better access to loan funding at more favourable interest, meaning savings for ratepayers.
“We can now go into the Super City confident that Waitakere’s financial situation is solid,” she says, noting that all assets and liabilities will be merged into the new Council next year.
The ratings reflect Standard & Poor's assessment of the credit quality of the pending greater Auckland Council, of which Waitakere will be part.
ENDS
Gordon Campbell: On The Hikoi Aftermath
Greenpeace: New Zealand Drops In Global Ranking On Climate Action
PSA: Spending Cuts Need To Stop - PSA Urges Govt To Listen To Economists
Stats NZ: National Population Estimates: At 30 September 2024 (2018-base)
NZ Government: New Zealand’s COP29 National Statement
Surf Life Saving NZ: Volunteer Lifeguards Make Big Effort To Keep Us Safe, As Paid Lifeguard Service Commences In Northern Region
Action Station: Biggest Ever Community Petition, With Over 200,000 Signatures, Opposes Treaty Principles Bill
