Government keeps AAA credit rating with stable outlook

At least there's one thing finance minister Grant Robertson can smile about this week. (Image: NZME)

Thu, 03 Aug 2023

The government has kept its AAA credit rating from Moody’s and, just as critically, a “stable” outlook in the agency’s latest annual review.The report issued on Tuesday (US time) said the outlook remained stable because New Zealand’s “highly effective institutions and governance” mitigated the credit impact of any potential risks such as the economy’s dependence on commodities, reliance on external financing and high household debt.The report came the same day another ratings agency, Fitch, downgr...

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