New Zealand's WRC Holdings 'AA+/A-1+' Ratings Affirmed; Outlook Negative
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- WRC Holdings Ltd. (WRCH) benefits from an almost-certain likelihood of receiving timely extraordinary support from its sole owner, Greater Wellington Regional Council, based on its critical role and integral link to the council.
- We affirmed our 'AA+/A-1+' long- and short-term issuer credit ratings on WRCH.
- The negative outlook on the long-term rating on WRCH reflects that on Greater Wellington.