Booming NZ services sector offsetting lower commodity prices, says Moody's

Thu, 11 Feb 2016

By Tina Morrison Feb. 11 (BusinessDesk) - Moody's Investors Service is comfortable with its Aaa credit rating on New Zealand with a stable outlook, as it anticipates the impact from lower commodity prices will be offset by strength in areas of the economy such as tourism and education services. "Despite the problems we see in the rest of the global economy, particularly problems for commodity exporters, New Zealand is doing quite well, the economy is very resilient to the global environment right now and we see there is a lot of activity...

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