Fitch affirms New Zealand's 'AA' credit rating as govt continues to narrow deficit

Mon, 06 Jul 2015

By Paul McBeth July 7 (BusinessDesk) - Fitch Ratings has affirmed New Zealand's double-A credit rating, saying the government is still reining in its operating deficit with a "credible and flexible" economic policy and "supportive business environment." The global rating agency affirmed the nation's 'AA' long-term foreign and 'AA+' local currency issuer default rating with a positive outlook, even as the Crown's books take longer to get back in black with tepid inflation slowing growth. New Zealand's central and local government debt at 3...

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