Issue - meetings

To receive an update on credit rating and funding.

The Director – Finance and Corporate Services gave a summary of the report, which updated Members on current and potential future funding options for the portfolio. He said that following a discussion with the Independent Members, Officers had revisited the option of issuing a bond. He said that there would be a need to obtain a credit rating which would aid a bond issue.

During a brief discussion the Independent Member supported the idea of obtaining a credit rating and said that he could suggest someone to contact.

The Chair noted the report and said that this would be revisited by Officers once the revised MTFS had been approved by Council.