Coronavirus fallout won't weigh on NZ long term: S&P

Fri, 28 Feb 2020

International ratings agency Standard & Poor's reaffirmed New Zealand's ratings and said it doesn’t expect the fallout from covid-19 to substantially weigh on the country's economy long-term growth prospects.S&P rates New Zealand 'AA/A-1+' on a foreign currency basis and at 'AA+/A-1+’ in local currency terms and said its outlook is positive.The outlook “reflects our view of the country's declining exposure to risks related to its high external debt,” it said. The reducing risks give it "more policy space to respond to potential mac...

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