Ashburton financial outlook stable with AA+ Fitch Rating
Published: 3 March 2021
An independent credit rating has assessed Ashburton District Council as being in a very strong financial position.
Fitch Rating Services has for the second year given the Council an AA+ rating. This rating indicates that the Council is in a very strong position to meets it debt commitments in the future.
Council Business Support Group Manager, Paul Brake says the rating will ensure Council can continue to secure lower interest rates when borrowing from lenders, which will help reduce the financial burden on ratepayers.
"This is a really positive affirmation of Council's fiscal position and the efforts of current and previous elected Councils to operate responsibly and efficiently for our community," he said.
The full Council assessment is available on Fitch Ratings website, fitchratings.com.
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