Government’s council reforms risk returning water assets to debt burden, S&P warns
A ratings agency director warns that planned council mergers could undo financial separation gains from previous water reforms.
S&P Global Ratings has cautioned that the Government's council restructuring could reverse the balance-sheet benefits achieved through its water sector reforms. The ratings agency's sovereign finance director said that while maintaining the nation's credit rating does not require the central Government to return to surplus, policymakers should aim to reduce deficits as a percentage of GDP.
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S&P: Government risks merging its way back into water debt problem
The Government’s council reforms risk undoing the balance-sheet separation achieved through its water reforms, a director at S&P Global Ratings says. S&P sovereign and international public finance ratings director Anthony Walker has also said analysts don’t need to see the…