Aberdeen City Council has credit outlook reduced from stable to negative

Moody's Investors Service has downgraded Aberdeen City Council's credit outlook from 'stable' to 'negative', though the local authority's credit rating has been retained.

Published 15 November 2019

Moody's: Public Works Loan Board rate hike is ‘credit negative’ for local authorities

A Treasury rate rise which led to fears that major housing and infrastructure projects could be delayed has been labelled by Moody’s as “credit negative” for local authorities as it will increase the cost of capital on new borrowing in the short term.

Published 17 October 2019