Summary In late October 2025, S&P Global published a Scenario Analysis titled New Zealand Water Reforms Don’t Guarantee Rating Relief For Local Councils. The Post, RNZ, and The Kākā covered the report from the credit ratings agency. The new water companies created under the “Local Waters Done Well” reforms are expected to take water infrastructure assets, … Continue reading October 2025 Coverage of S&P’s “New Zealand Water Reforms Don’t Guarantee Rating Relief For Local Councils” Report