New Zealand's AA credit rating, stable outlook affirmed by S&P on monetary, fiscal flexibility

Tue, 22 Mar 2016

By Jonathan Underhill March 22 (BusinessDesk) - New Zealand's foreign currency credit rating was affirmed at AA with a stable outlook by Standard & Poor's, which said the nation enjoys monetary and fiscal flexibility and a resilient economy that offset the risks of high external debt. The short-term rating was affirmed at A-1+. The stable outlook reflects S&P's expectation that New Zealand's fiscal performance "will improve over the medium term, offsetting vulnerabilities associated with its high external debt." "We believe that the ch...

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