NZ govt's deferred operating surplus won't hurt credit rating, Moody's

Wed, 17 Dec 2014

By Paul McBeth Dec. 17 (BusinessDesk) - The one-year delay forecast in the New Zealand government's return to surplus doesn't have any implications for its Aaa credit rating, with everything else going in the right direction, according to Moody's Investors Service. Yesterday's half-year economic and fiscal update pushed out the Treasury's expectation for a return to surplus, projecting the Crown’s operating balance before gains and losses to be a deficit of $572 million in the year ending June 30, 2015 before turning to a surplus of $565...

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