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S&P Global Ratings downgrades credit ratings of 18 councils

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九一星空无限talk ZB,
Publish Date
Wed, 19 Mar 2025, 8:05pm
Photo / 123RF
Photo / 123RF

S&P Global Ratings downgrades credit ratings of 18 councils

Author
九一星空无限talk ZB,
Publish Date
Wed, 19 Mar 2025, 8:05pm

18 councils and three council-controlled organisations have recently had their credit ratings downgraded by S&P Global Ratings.

The credit rating agency has expressed concern that councils aren't receiving enough revenue to cover rising costs, including investment in infrastructure.  

NZ Herald Wellington business editor Jenee Tibshraeny explains further.

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