Credit ratings

LGFA securities are rated at AAA (domestic long term) by S&P Global Ratings and AA+ by Fitch Ratings. 

The foreign currency long term rating is AA+ by S&P Global Ratings and AA+ by Fitch Ratings.  The domestic and foreign currency ratings are on stable outlook by S&P Global Ratings. The foreign currency rating is on stable outlook by Fitch Ratings.

These ratings are the same as the New Zealand Government. 

For further information please refer to the most recent Rating Reports completed by S&P Global Ratings and Fitch Ratings below.

RatingsDirect_ResearchUpdateNewZealandLocalGovernmentFundingAgencyLtdRatingsAffirmedOutlookStable_57474348_Feb-27-2024.PDF
S&P Research Update - February 2024
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Fitch Affirms New Zealand's LGFA at 'AA+'; Outlook Stable.pdf
Fitch Ratings Report - October 2023
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