Tasman District Council’s long-term credit rating has been reaffirmed at AA- with a stable outlook by international ratings agency Standard & Poor’s (S&P).

This rating reflects the Council’s continued financial strength and prudent fiscal management. The stable outlook indicates that, provided the Council delivers on the financial objectives outlined in its Annual Plans and Long-Term Plan, and there no major changes to the external environment, the rating is expected to remain unchanged for the next two years.

Mayor Tim King welcomed the confirmation, saying, “This is a good result and fair recognition of the work the Council has done to meet the demands of growth and infrastructure renewal, especially within the challenging economic conditions we continue to face.”

S&P conducts annual reviews of council credit ratings, which directly influence borrowing costs. All rated councils in New Zealand currently hold A-level ratings, underscoring the sector’s overall financial resilience and the strong NZ Institutional framework.

The latest review follows a March 2025 adjustment, when Tasman’s long-term rating was revised to AA- as part of a broader recalibration affecting several New Zealand councils. In its commentary, S&P noted that Tasman’s after-capital account deficits are narrowing, driven by stronger operating margins from increased general rates and reduced capital expenditure following the completion of the Waimea Community Dam.

S&P also affirmed the Council’s short-term issuer credit rating at A-1+, reinforcing confidence in Tasman’s financial management.

“We remain focused on delivering real value for residents and ratepayers,” added Mayor King. “This rating supports our commitment to responsible investment and long-term sustainability.”

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