Moody's puts its stamp of approval on the government's finances

Mon, 17 Dec 2018

By Jenny Ruth Dec. 18 (BusinessDesk) - Moody’s Investors Service says the Labour-led government’s latest half-year economic and fiscal update maintains its commitment to fiscal discipline which supports its “Aaa” sovereign credit rating and stable outlook. The other two major international ratings agencies, Standard & Poor’s and Fitch, both have New Zealand’s foreign currency rating at “AA” with a stable outlook. “The update maintains the government’s commitment to fiscal discipline as demonstrated by projections for continued budget s...

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