This report supplements our research update "Tasman District Council Ratings Affirmed At 'AA-/A-1+', Outlook Remains Stable," published on Oct. 30, 2015. To provide the most current information, we may cite more recent data than that stated in the previous publication. These differences have been determined not to be sufficiently significant to affect the rating and our main conclusions. The ratings on Tasman District Council reflects our view of the extremely predictable and supportive institutional framework within New Zealand, plus Tasman's strong financial management, budgetary flexibility, budgetary performance, liquidity; and its low contingent liabilities. Tasman's very high debt burden and average economy partially offset these strengths. We assess the institutional framework within which New Zealand local governments operate as being one
