Council Credit Rating Remains Stable
Wednesday, 28 July 2021, 4:40 pm Kāpiti Coast District Council has maintained its AA Standard and Poor’s credit rating for the long-term. In its latest report the independent ratings agency Standard and Poors has affirmed its AA/A-1+ long- and short-term ratings, saying Council's experienced management and New Zealand institutional settings support the ratings while the district's economic profile tempers these strengths. Because of the investment approach in the newly-adopted Long-term Plan 2021-41 there is potential for a change in future years and this is reflected with a revised outlo...