General Announcement::Moody s Ratings changes outlook on Auckland Council

Issuer & Securities

Issuer/ Manager
AUCKLAND COUNCIL
Securities
AUCKLANDC EUR500M0.25%B311117 - XS2407197545 - 9FXB
AUCKLANDCOUN EU500M1%N270119 - XS1520344745 - 67KB
AUCKLANDC EUR500M0.125%N290926 - XS2055663764 - KJIB
AUCKLAND COU NOK1.4B 4%N280909 - XS0964196603 - 2ZFB
AUCKLANDCOEU185M 2.125%N340324 - XS1045821847 - 3E4B
AUCKLANDC NOK1B 2.0775%N311128 - XS1514161956 - 61YB
AUCKLANDC EUR500M3.125%B360303 - XS3307263775 - UZ1B
AUCKLANDC EUR600M3%B340318 - XS2784364973 - 9AWB
AUCKLANDC US$100M F261125 - XS2943603360 - EXCB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
24-Apr-2026 10:55:58
Status
New
Announcement Sub Title
Moody s Ratings changes outlook on Auckland Council
Announcement Reference
SG260424OTHRJ8QD
Submitted By (Co./ Ind. Name)
Andrew John
Designation
Head of Group Treasury
Effective Date and Time of the event
24/04/2026 10:46:00
Description (Please provide a detailed description of the event in the box below)
Market Announcement

24 April 2026

Moody s Ratings changes outlook on Auckland Council to negative, affirms Aa2 ratings

Moody s Rating has changed the outlook on Auckland Council to negative from stable and has affirmed the Aa2 rating.

This rating action follows Moody s decision to change the outlook of the Government of New Zealand to negative from stable and affirm the Aaa ratings on 22 April 2026, reflecting that risks to New Zealand's fiscal trajectory have increased.

The revision of the outlook on Auckland Council reflects the strong institutional, operational, and financial linkages between the Government of New Zealand (the Crown) and Auckland Council.

The affirmation of the a1 BCA and Aa2 ratings considers Auckland Council s ongoing robust operating performance, strong governance and a track record of prudent fiscal management, access to liquidity via the Auckland Future Fund and access to funding via the Local Government Funding Agency, and domestic and offshore capital markets.

ENDS


For further information please contact:
Drew Broadley
Principal Advisor Media Relations
Mobile: +64 27 2608216
Email: drew.broadley@aucklandcouncil.govt.nz

Attachments

Market Announcement - Change outlook to negative - 24 April 2026.pdf
Total size =86K