NZX Announcement
11 December 2019

Please find attached an updated list of LGFA guarantors as at 11 December 2019:

The credit rating assigned to Christchurch City Council by S&P Global Ratings has been changed to "AA-" with a stable outlook. They were previously rated "A+" with a positive outlook.

ENDS
Released on behalf of NZ Local Government Funding Agency Limited by Mark Butcher, Chief Executive.

Telephone +64 4 974 6744
Email mark.butcher@lgfa.co.nz
Website lgfa.co.nz