Fitch affirms NZ’s AA+ credit rating on bipartisan surplus commitment

(Image: Getty)

Tue, 29 Aug 2023

Fitch Ratings hasn’t changed its view of New Zealand’s ability to repay its debt, affirming the nation’s AA+ long-term foreign-currency issuer default rating. The ratings agency said the country’s wealth and advanced economy, robust governance standards, and commitment to getting the government’s books back in the black underpinned the view. “Macro-financial risks arise from high household debt and a recent widening of the current account deficit, in the context of already-high net external debt, bu...

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