Moody’s affirms NZ Aaa rating; outlook stable

Fri, 03 Apr 2020

Moody’s Investors Service has affirmed New Zealand’s Aaa rating and maintained the stable outlook, saying the country’s strong governance, sound institutions and good track record were behind its assessment. The ratings agency said it expects New Zealand’s economy “to remain resilient in the face of shocks given its trade openness, diverse and competitive agricultural export base, flexible labor and product markets, high wealth levels, and favorable demographics, driven by robust migration trends,” which it said supports potential growth o...

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