WRC Holdings Ltd. 'AA+/A-1+' Ratings Affirmed; Outlook Stable
Overview
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.