Issue - meetings

(a)      Note the outcome of the annual review was affirmation of the A2 rating, and an economic outlook of ‘stable’; and

(b)      to request that the Chief Officer – Finance circulate details to members in relation to the six monthly bond repayment figure.

The Committee had before it a report by the Executive Director for Corporate Service which provided an overview of the recent credit rating annual review and reported on the outcome of the review.

The report recommended:-

that the Committee note the outcome of the annual review was affirmation of the A2 rating, and an economic outlook of ‘stable’.

The Committee resolved:-

(i)       to approve the recommendation; and

(ii)      to request that the Chief Officer – Finance circulate details to members in relation to the six monthly bond repayment figure.