New Zealand economy, finances improving, Moody’s says

Tue, 28 Jan 2014

Jan. 29 (BusinessDesk) - New Zealand’s economy and the government’s books are on the mend after taking a hit from a protracted recession and a series of earthquakes several years ago, according to Moody’s Investors Service. The rating agency sees New Zealand’s economic strength as ‘high’, its institutional strength as ‘very high’, the nation’s fiscal strength as ‘very high’ and its susceptibility to event risk as ‘low’, it said in a statement. New Zealand holds an Aaa sovereign rating with Moody’s, which has just completed its annual credit...

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