| Title: | Research Update: S&P CORRECT: Tauranga City Council 'A/A-1' Ratings Affirmed; Outlook Stable |
| Price: | $175.00 |
| Publication Date: | May 04, 2008 |
| Report Type: | Research Update |
| Abstract: | The credit ratings on New Zealand's Tauranga City Council (Tauranga) are supported by Tauranga's strong liquidity and cash budgetary performance. The rating on Tauranga, and on other New Zealand local councils, is also underpinned by strong systemic support. Tauranga City Council is located on the coast of New Zealand's North Shore Island. It has a population of about 106,000 and is the hub of the Western Bay of Plenty region. The council's cash operating performance is strong compared with international peers. The council's strong cash operating performance is due to its strong rates revenues and user charges and fees (after adjusting for developer contributions). The council's cash operating surpluses are expected to remain strong. Tauranga benefits from very strong system |
| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: S&P CORRECT: Tauranga City Council 'A/###' Ratings Affirmed; Outlook Stable Publication date: ##-May-#### Primary Credit Analyst: Danielle Westwater, Melbourne (##) #-####-####; danielle_westwater@standardan... |
| Word Count: | 904 |
| Issuer: | Tauranga City Council |
| Sector: | Global Issuers, International Public Finance |
| Country: | New Zealand |
| Region: | Pacific |
| Format: | 
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