18 councils and three council-controlled organisations have recently had their credit ratings downgraded by S&P Global Ratings.

The credit rating agency has expressed concern that councils aren't receiving enough revenue to cover rising costs, including investment in infrastructure.  

NZ Herald Wellington business editor Jenee Tibshraeny explains further.

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18 councils and three council-controlled organisations have recently had their credit ratings downgraded by S&amp;P Global Ratings.
The credit rating agency has expressed concern that councils aren't receiving enough revenue to cover rising costs, including investment in infrastructure.&nbsp;&nbsp;
NZ Herald Wellington business editor Jenee Tibshraeny explains further.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Jenee Tibshraeny: NZ Herald Wellington business editor on S&P Global Ratings downgrading the credit ratings of 18 councils

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c15dcd12-4cd4-42e2-8ed7-b2a50074d4b3/transcript