Mini-Hoon: S&P's Anthony Walker critiques 'Local Water Done Well'
Just briefly, I spoke last night with Standard & Poor’s Global Ratings Director of Government Ratings Anthony Walker last night about a research note S&P Global published yesterday titled: ‘New Zealand Water Reforms Don’t Guarantee Rating Relief For Local Councils.’
He told me there was no guarantee the current Government’s ‘Local Water Done Well’ reforms would alleviate the negative outlooks S&P Global had on many councils’ credit ratings, even though the creation of separate water authorities in accounting terms appeared to lessen their apparent exposure to big new debt-funded water…
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