Christchurch City Council's credit rating maintained

International credit rating agency Standard and Poor’s has reaffirmed Christchurch City Council’s financial rating as A+ with the outlook remaining stable.

The rating reflects the predictable and supportive institutional framework available to local councils within New Zealand, combined with the Council’s strong liquidity and economy.

The Council’s Head of Financial Management Diane Brandish says, “This is a satisfactory outcome and the Council appreciates that Standard and Poor’s acknowledges our consistent and sound financial strategy.”

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