NZ rating will remain steady but robust economic growth could cool, S&P says

Tue, 08 Aug 2017

By Rebecca Howard Aug. 8 (BusinessDesk) - New Zealand's economic growth to remain strong but did point to several factors that could cool it in the medium term, although it doesn't expect to change its sovereign rating in the immediate future, says ratings agency Standard & Poor's. New Zealand's economy has been growing "robustly" for quite some time and S&P expects that to continue, although "there are a few reasons it might start to slow down," said Craig Michaels, director sovereign ratings at a briefing in Wellington. Michaels sa...

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