Credit rating agency, Standard & Poor's has given Auckland Council, known as the Super City the rating of AA. This means that it has been recognized as the economic and financial hub of New Zealand.

Auckland as a whole has been given stable outlook as the center has got both AA-ratings and has been given A-1 plus short-term rating. Auckland was formed with the merger of nine councils in the area.

S&P in its report said that Auckland contributes to one -third of the GDP of New Zealand and is the single largest regional economy in the nation. Talking to media &P's credit analyst Anna Hughes said,

"The ratings reflect our opinion of the strong institutional framework benefiting local governments in New Zealand, a strong and diversified local economy and the council's strong management".

But to be able to maintain its strong position, large infrastructure projects need to be cleared. The council has large debt piles and has little flexibility on the budgetary front. And if the debt continues to rise than rating of Auckland will be going down further.