Moody's confirms NZ govt can spend more and keep Aaa rating

Fri, 10 Aug 2018

By Rebecca Howard Aug. 10 (BusinessDesk) - New Zealand has "room to manoeuvre" in fiscal spending and there is no immediate downside pressure on its Aaa rating, said Matthew Circosta, sovereign analyst for Moody's Investors Services, a global credit rating agency. The Labour-led coalition is committed to reducing net debt to 20 percent of GDP by the year to June 2022 from around 22 percent currently but spending pressures are increasing as it focuses on improving living standards and looks to shore up major infrastructure. As a result, Fi...

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