Heavily indebted Warrington BC has had its credit rating withdrawn by Moody’s due to the lack of ‘sufficient, current audited financial information’ on the authority.
The influential credit rating agency cited the lack of information caused by ‘an audit backlog’, adding: ‘Even though the audit for the fiscal year 2019 has been completed recently, there remains a backlog of five unaudited accounts for Warrington, including that of fiscal year 2024, for which draft accounts are available.’
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