General Announcement::Auckland Council credit rating reaffirmed

Issuer & Securities

Issuer/ Manager
AUCKLAND COUNCIL
Securities
AUCKLAND COU NOK1.4B 4%N280909 - XS0964196603 - 2ZFB
AUCKLANDCOEU185M 2.125%N340324 - XS1045821847 - 3E4B
AUCKLANDCOUN EU500M1%N270119 - XS1520344745 - 67KB
AUCKLANDC NOK1B 2.0775%N311128 - XS1514161956 - 61YB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
26-Sep-2018 05:07:20
Status
New
Announcement Sub Title
Auckland Council credit rating reaffirmed
Announcement Reference
SG180926OTHRLNGJ
Submitted By (Co./ Ind. Name)
Andrew John
Designation
Funding Manager
Effective Date and Time of the event
26/09/2018 17:00:00
Description (Please provide a detailed description of the event in the box below)
26 September, 2018

Auckland Council credit rating reaffirmed

Auckland Council s strong AA credit rating has been reaffirmed by international agency S&P Global Ratings.

The rating agency has reaffirmed the council's rating on a "Stable" outlook for the sixth consecutive year.

Auckland Council Group Chief Financial Officer Matthew Walker says that the decision confirms the council's solid financial footing.

"The council s credit rating with S&P Global Ratings is among the highest in the country and comes as Auckland continues to experience unprecedented growth and the associated demand on infrastructure.

"I am pleased that our ongoing commitment to meet our financial obligations and prudently manage our financial position has been again been recognised S&P Global Ratings."

ENDS


For further information please contact:
Brendan Manning
Media Specialist
brendan.manning@aucklandcouncil.govt.nz
+64 21 806 370

Attachments

S and P credit rating reaffirmed.pdf
Total size =68K