Borough's finances given AAA rating

摘要

Kensington and Chelsea RLBC has kept its prestigious triple-A credit rating, according to the borough's draft accounts for 2012/13. Ratings agency Standard & Poor's (S&P's) reported the borough's fi-nancial management was good, with strong control over budgeted costs and the build up of substantial reserves to cushion current and future reductions in central government grants.