S&P Global Ratings Research Update for WRC Holdings Ltd., February 2022

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  • Published Date Sun 20 Feb 2022
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WRC Holdings Ltd. 'AA+/A-1+' Ratings Affirmed; Outlook Stable


  • Our ratings on WRCH reflect our assessment that there is an almost-certain likelihood that extraordinary support in a distress scenario would be forthcoming from its sole owner, Greater Wellington Regional Council.
  • We affirmed our 'AA+' long-term and 'A-1+' short-term issuer credit ratings on WRCH, the investment holding company of Greater Wellington. Our ratings on WRCH are equalized to those on the council.
  • The outlook on the rating is stable.
Updated May 24, 2022 at 4:07 PM