Moody’s reaffirm Auckland Council’s Aa2 Credit Rating

Auckland Council’s Aa2 credit rating has been reaffirmed by Moody’s Investor Services, Auckland Council announces. Council’s Group Chief Financial Officer, Peter Gudsell, said the confirmation of an Aa2 credit rating from Moody’s reflects the council’s strong governance framework and the robust fiscal disciplines we apply. Gudsell also added that there is no doubt that the last 12 months have been unprecedented, and reaffirmation from credit rating agencies is reassuring. He further noted that the council will focus on managing finances and debt position and contributing to the city’s economic recovery.