Coun­cil bor­row­ing

Kapi-Mana News - - OPINION -

I re­fer to Mr Wel­lum’s let­ter of July 22 ques­tion­ing the Stan­dard and Poor’s fi­nan­cial rat­ings of the Porirua City Coun­cil.

Hav­ing re­ceived a good rat­ing from Stan­dard and Poor’s, the coun­cil can ex­pect to pay lower in­ter­est rates when

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