Council Maintains Credit Rating

Hamilton City Council has maintained its favourable credit ratings with global agency

Fitch Ratings.

Fitch Ratings’ Sydney office affirmed Council’s Local Currency Long-Term Rating at

AA-, while its Local Currency Short-Term Rating was affirmed at F1+.

Fitch Ratings said both credit ratings reflected Council’s healthy operating margin, solid

– although slightly weakened – economic profile, and the strong institutional

framework under which is operates.

The agency confirmed Council’s outlook as “stable”, and noted the new Council

leadership had “emphasised their focus on improving Hamilton’s healthy and

sustainable financial performance, which includes a reduced growth of the Council’s

debt”.