S&P keeps NZ at AA+, expects deficits to be temporary

Thu, 07 May 2020

Credit rating agency Standard & Poor's has affirmed its "AA+" rating of New Zealand and maintained an optimistic outlook mainly because it believes the extra government spending during the coronavirus crisis will be temporary rather than structural. S&P's director of sovereign and international public finance ratings, Anthony Walker, told a webinar that he expects New Zealand's fiscal and monetary policies would "provide a bridge to a self-sustaining recovery in 2021." That's despite S&P expecting government debt to remain elevated for so...

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