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NZ councils' infrastructure spend could erode credit ratings -S&P


NZ councils infrastructure spend could erode credit ratings -S&P
18 Apr, 2021 01:00 AM
3 minutes to read
NZ local authorities are expected to spend up large on water infrastructure. Photo / NZ Herald
Most of New Zealand s local and regional governments are likely to have rising infrastructure budgets over the next decade, which could erode headroom at their current credit rating levels, S&P Global Ratings said.
The councils
are scheduled to publish their 2021-2031 long-term plans later this year, and they will likely roll infrastructure backlogs from the fiscal 2020 year into the upcoming years, the ratings agency said.
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Despite the likely increase in infrastructure expenditure, we recognize councils typically spend below their plans due to capacity constraints, ambitious planning, and lengthy approval processes, S&P Global Ratings credit analyst Rebecca Hrvatin said in a report. ....

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Welcome To IANS Live - LatestNews - No IOC confirmation for Bach visit to Japan in May


Photo Credit: IANS
IANSLive
Berlin, April 18 (IANS) The International Olympic Committee (IOC) on Sunday didn t confirm another visit of its president Thomas Bach to Japan ahead of the Tokyo Olympics.
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Update: 18-April-2021 ....

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