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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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/56a37df3-2bb7-4789-8a90-b2a50074d347/transcript