First round of Investor Confidence Ratings completed
The first round of Investor Confidence Rating (ICR) assessments for 25 investment-intensive government agencies is now
complete, following assessment of the Ministry of Social Development (MSD) and the Southern District Health Board
(SDHB). The second round is underway with the first tranche of assessments completed. This included the first repeat ICR
assessments for Defence (NZDF and the Ministry of Defence), Housing New Zealand Corporation (HNZC) and the NZ Transport
The ICR is an incentive mechanism for investment-intensive government agencies that rewards good investment management
performance and proactively addresses performance gaps. It uses a rating scale from A to E, with an ‘A’ rating
signalling a high level of performance and an ‘E’ rating indicating significant assistance may be required for the
agencies investments to deliver results. A ‘C’ rating means that the status quo investment management system
arrangements remain in place.
MSD received a ‘C’ rating and SDHB was rated ‘D’. This is the first ICR assessment for both agencies.
HNZC retained an ‘A’ rating and Defence a ‘B’ rating from their first assessments in 2016 and 2015 respectively. The NZ
Transport Agency was rated ‘C’ after being assessed as ‘B’ in 2015.