NZ financial risks have stabilised as rapid house price growth slows, S&P says

Tue, 14 Nov 2017

By Tina Morrison Nov. 15 (BusinessDesk) - The risks facing New Zealand's financial system have stabilised as house price inflation and credit growth slow due to tighter macroprudential tools implemented by the Reserve Bank and higher lending rates, Standard & Poor’s says. S&P Global Ratings classifies the New Zealand bank sector as AA/Stable/A-1+ in group '4' under its banking industry country risk assessment, alongside nations such as Estonia, Israel, Kuwait, Malaysia, Mexico, Saudi Arabia and Taiwan, it said in its latest banking indust...

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