Decision details

The Cabinet considered the report of the Head of Corporate Finance and ICT which provided details of the Treasury Management Activities undertaken in the first half of 2011/12 and the recent activity of credit rating agencies.  The report also sought approval to an amendment to the credit criteria set out in the Treasury Management Strategy document.

RESOLVED: That

(1)       the Treasury Management update be noted; and

(2)       the Council be recommended to give approval to the credit criteria for investing with institutions set out in Paragraph 2.8.9 of the Treasury Management Strategy document being revised from “Fitch rating F1 + AA - to Fitch rating F1 A-“.