Government’s water reforms will not improve council debt
S&P says councils are told to do more infrastructure spending but get less support.
Councils are continuing to wrestle with how to pay for infrastructure.
International Ratings Agency S&P has reassured local councils who got a ratings downgrade earlier in the year that they were doing nothing wrong.
S&P director Anthony Walker told a Local Government New Zealand conference in Wellington yesterday that part of the reason for the downgrade was because
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