- Published: May 2012
- Region: United States
Summary: New Plymouth District Council Jun 11
- Published: June 2011
- Standard & Poors
The ratings on New Plymouth District Council (New Plymouth) reflect the strong institutional framework benefiting local governments in New Zealand, plus the council's excellent financial management, limited capital expenditure pressure, and limited ownership of council-controlled trading organizations (CCTOs). These strengths offset the Taranaki regional economy's relatively narrow structure. New Zealand local governments benefit from a strong institutional framework. The New Zealand local government system promotes a strong management culture and fiscal discipline among New Zealand councils. This provides a source of credit strength for New Plymouth and allows it to support higher debt burdens than some of its international peers. New Plymouth's key strength is its excellent financial management. Standard & Poor's considers New Plymouth's asset-management strategies and the management...
Companies mentioned in this report are: New Plymouth District Council
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New Plymouth District Council