We have affirmed our 'AA-' long-term and 'A-1+' short-term issuer credit ratings on Tasman District Council (Tasman). The ratings reflect our view of New Zealand's extremely predictable and supportive institutional framework, in addition to Tasman's strong financial management, budgetary flexibility, budgetary performance, liquidity, and low contingent liabilities. Offsetting these strengths are the council's very high debt burden, and average economy. The outlook on the ratings remains stable. On Oct. 30, 2015, Standard&Poor's Ratings Services affirmed its 'AA-' long-term foreign currency and local currency and 'A-1+' short-term issuer credit ratings on Tasman District Council, a New Zealand local government. The outlook on the ratings remains stable. The ratings affirmation reflects our view of the extremely predictable and supportive institutional
