Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Standard and Poor’s Credit rating – AA+ confirmed

Media Release 10 December 2006 1 page

**Joint statement from Bob Lineham, Chief Executive Christchurch City Holdings (CCHL) and Roy Baker, General Manager Corporate Services, Christchurch City Council.

Standard and Poor’s Credit rating – AA+ confirmed

Christchurch City Council and Christchurch City Holdings are very pleased that Standard and Poor’s has confirmed their joint AA+ credit rating.

The AA+ rating is a joint rating for the Council and City Holdings. It reflects the council’s strong operating forecasts, its flexibility to adjust rate revenue and the strength of the local economy.

The rating includes a negative credit outlook which reflects that the Council is planning an increase in its capital expenditure over the next few years as provided for in its Long-term Council Community Plan.

“This AA+ rating reflects extremely favourably on the financial state of the Council and CCHL. The planned capital programme is to meet the needs of a growing city and is in line with community expectations,” Mr Lineham and Mr Baker said.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Zimbabwe: New Democracy, Or A False Dawn?

Gordon Campbell: Robert Mugabe = Hosni Mubarak. The current jubilation on the streets of Harare at the fall of Zimbabwe’s dictator Robert Mugabe is genuine, and one hates to be negative about the country’s future. Yet the situation is eerily similar to the scenes in Cairo in early 2011, when a popular uprising swept Hosni Mubarak from power in Egypt. More>>

 

Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them. More>>

ALSO:

Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>

ALSO:

Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>

ALSO:

Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>

ALSO:

Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

Speaking Of Transport: Public Engagement On Wellington Scenarios

“Our work on possible solutions for Wellington’s transport future is ongoing, but has progressed to the stage where we’re ready to share our ideas with the public and seek their feedback to help guide our next steps...” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election