LGFA CREDIT RATINGS AFFIRMED BY S&P GLOBAL RATINGS at AA+/AAA
On 17 March 2026, S&P Global Ratings affirmed their long-term ratings on New Zealand Local Government Funding Agency (“LGFA”) at 'AA+' foreign-currency and 'AAA' local-currency and affirmed the short-term ratings at 'A-1+'.
All credit ratings have a stable outlook.
This reflects the view by S&P Global Ratings that LGFA has a dominant market position as a source of financing for councils and an extremely high likelihood of extraordinary financial support from the New Zealand Government in a stress scenario.
A copy of the S&P Research Update is available below.
