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 outlook from stable to negative.
Kāpiti Mayor
K Gurunathan says it is pleasing to see Council retain

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