Fitch said continued growth, supported by prudent average rates increases and local economic growth, is expected to further strengthen the Council's financial performance out to 2030.

The confirmation is good news for ratepayers, as a strong credit rating helps keep borrowing costs down.

Mayor Dan Gordon says the rating is independent recognition of the Council's strong financial management and long-term planning.

“This result confirms that Waimakariri is in a strong financial position and is managing growth responsibly. Fitch has recognised our prudent approach to debt, prudent rate increases, as well as how we balance this with investment in community infrastructure.

“As one of New Zealand's fastest-growing districts, we need to continue investing in roads, water infrastructure and community facilities as our population grows. Maintaining a strong credit rating helps ensure we can do that at the lowest possible cost for our ratepayers.”

Chief Executive Jeff Millward says the assessment reflects the Council's ability to balance significant infrastructure investment with strong financial discipline.

“Fitch's assessment highlights the strength of our revenue base, prudent debt management and our ability to continue investing in the infrastructure a growing district needs.

“Our debt levels continue to remain well within our own conservative limits and significantly below wider sector thresholds, reflecting our commitment to responsible financial management.”

“Importantly, Fitch expects our operating performance to strengthen over the coming years, helping us fund essential projects while maintaining financial sustainability.”