Budget 2020

Aaa credit ratings vindicates budget – Robertson

Brent Melville
Fri, 22 May 2020

Brent Melville
Fri, 22 May 2020
Finance Minister Grant Robertson said an unchanged Moody’s Aaa stable credit rating reinforces the affordability of his $50 billion budget. In its latest note to investors today, Moody’s said it expected New Zealand’s fiscal position to remain stronger than most of its Aaa-rated peers, based on a “more moderate” debt burden and strong debt affordability. The ranking followed last week’s continued positive outlook on the country by rankings and index provider Standard and Poor’s. Robertson said the ratings showed the starting point head...

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