Aberdeen City Council

Council credit ratings cut amid a “materially deteriorated” financial position

News

27 Oct 23

Below-inflation funding and “consistently high” spending pressures have weakened the financial flexibility of councils and contributed to the credit rating downgrade of five authorities by Moody’s.
Aberdeen brings its debt up to £400m with two PWLB loans

News

23 Aug 19

Aberdeen City Council has taken out two loans from the Public Works Loan Board, bringing its total debt to the body to over £400m.

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