Westminster receives Aa3 credit rating from Moody's

Westminster City Council has been awarded an Aa3 long term issuer rating from Moody's Ratings.

Moody’s said the ratings reflected Westminster’s “economic strength and diversity, considerable financial strength and income generating power, moderate debt levels and low risk debt structure, strong governance and prudent financial planning”.

Councillor David Boothroyd, Cabinet Member for Finance and Council Reform, said:

“Westminster City Council is pleased to have been assigned Aa3 credit rating by Moody’s, who expressed confidence in Westminster’s ‘considerable financial stability’ and ‘strong governance’.”

"This is great news for our residents as it makes it easier to finance our fairer housing programme of building good quality homes, and it is testament to the council’s sound management of the city’s finances.”