This report supplements our research update "Tasman District Council Outlook Revised To Positive On Falling Debt Burden; 'AA-/A-1+' Ratings Affirmed," published on Oct. 28, 2016. 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 reflect Tasman District Council's very strong budgetary performance, strong financial management, budgetary flexibility and liquidity, and low contingent liabilities. It also reflects New Zealand's extremely predictable and supportive institutional framework. Moderating these strengths are the council's high, but declining, debt burden, and its average economy. Tasman's budgetary performance is stronger than we previously expected, largely reflecting
