Fitch revises outlook on NZ’s credit rating to positive

Tue, 08 Jul 2014

By Pam Graham July 9 (BusinessDesk) – Fitch Ratings has revised the outlook on New Zealand’s credit rating to positive from stable, citing improved government accounts while recognising the country’s exposure to China and Australia as a risk. The AA long term credit rating was affirmed. The improvement in outlook means an upgrade is possible if debt is reduced and if New Zealand can learn to “save anti-cyclically into the boom”. New Zealand is rated Aaa with a stable outlook by Moody’s and AA with a stable outlook by Standard and Poor’...

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