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Credit rating downgrade from AA (Negative) to AA- (Stable)
19/03/2025, 08:54 NZDT, CREDIT
On March 18, 2025, S&P Global Ratings (S&P) lowered the credit rating on Christchurch City Holdings Ltd (CCHL) (NZX: CCH) from “AA (Negative Outlook)” to “AA- (Stable Outlook)”. CCHL’s credit rating and outlook reflects that of CCHL’s 100% owner, Christchurch City Council. For further information, refer to the attached S&P Global Ratings announcement. ENDS For further information contact: Paula Davis Head of Finance Phone: +64 3 941 6530 Email: info@cchl.co.nz