S&P’s uncertainty about Local Water Done Well
It downgraded 18 councils’ credit ratings and is not confident the Coalition’s reform will lead to financial separation for new water entities.
Water reforms create uncertainty for ratings agency.
Senior staffers at international ratings agency S&P have reiterated their concerns about the impact of the coalition Government’s water reforms on the financial sustainability of local councils.
Earlier this week, S&P downgraded the credit ratings for 18 councils and three council-controlled
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