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 Political Panic Over Immigration
MUNZ: TAIC Report On Kaitaki Incident Gives Shocking Picture Of Decline Of NZ Maritime Infrastructure
Greenpeace: New Climate Report Yet More Reason To Reduce Dairy Herd
Better Public Media: Opposing Plans To Scrap The BSA
Internal Affairs: Citizenship Test For Citizenship By Grant Applicants From Late 2027
Dayenu: Condemning Use Of Government Funding For Extremist Report On Antisemitism
PSA: Councils Must Work With Unions And Communities In Fast-Track Reform
