Creditworthiness Testing for Three Waters Reform Entities
Department of Internal Affairs (DIA). 45 Pipitea Street, Wellington, 6011 Successful Supplier: S&P Global Ratings Brief Description: Test the creditworthiness of the proposed entities as part of the Three Waters Reform programme. Contract awarded: 1 February 2021 Initial Term: 2 months Estimated Spend: $475 AUD Procure…
Source ID: NZ-GETS-24049492
Scope overview
Department of Internal Affairs (DIA). 45 Pipitea Street, Wellington, 6011 Successful Supplier: S&P Global Ratings Brief Description: Test the creditworthiness of the proposed entities as part of the Three Waters Reform programme.
Contract awarded: 1 February 2021 Initial Term: 2 months Estimated Spend: $475 AUD Procurement Process � Direct source Exemption reason: Other - S&P are the major issuer of credit ratings to New Zealand Councils, providing ratings services to 75% of rated councils in New Zealand. They also provide a ratings assessment of the Sovereign and the Local Government Funding Agency who will also be impacted by the reform.
There are two other credit rating agencies that have a limited presence in New Zealand. One only rates 6 councils, while the other does not provide a primary rating for any councils in New Zealand.
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