Labour says no surprises in S&P’s report on debt of water CCOs
The ratings agency says credit profiles of water CCOs likely to be weaker under Coalition’s Three Waters reform.
A new report from international ratings agency S&P has raised questions about the new council-controlled water organisations.
International ratings agency S&P has warned the Government’s three waters reform could materially weaken the quality of the Local Government Funding Agency’s lending portfolio.
Under the reform announced last week the LGFA will substantially increase its lending to new council-controlled water
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