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Has he been briefed on Cubic Corporation's CC credit rating from Fitch Ratings, and what assessment, if any, has been made of the risk this poses to the National Ticketing System programme?

Answered Question 10419 (2026)
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Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • Has he been briefed on Cubic Corporation's CC credit rating from Fitch Ratings, and what assessment, if any, has been made of the risk this poses to the National Ticketing System programme?

Answered by

Hon Chris Bishop

Member for Hutt South · National Party · Minister of Transport

Answer

While I was not formally briefed, NZ Transport Agency Waka Kotahi has kept me informed of Cubic’s credit rating downgrade.