'Boom, bap, boom boom': The drums are beating for a credit rating downgrade

'Boom, bap, boom boom': The drums are beating for a credit rating downgrade
(Image: Getty)
Cameron Bagrie
Last year, I noted the risk of a sovereign credit rating downgrade. It would not be the end of the world, representing a margin of excellence tweak, but a dent in the Government's fiscal and economic credibility.Those drums for a downgrade are now starting to beat louder, with S&P Global Ratings recently downgrading the institutional framework assessment for local authorities. Mind you, it would be somewhat ironic for New Zealand to receive one, given ballooning debt levels in many other OECD nations such as the US and the UK. ...

More Opinion

Transparency: the biz case for shining a light
Opinion

Simon Robertson: Transparency: the biz case for shining a light

US Supreme Court jurist highlighted the value of publicity in fighting corruption.

Simon Robertson 15 Mar 2025
A creator-led answer to the mediapocalypse
Opinion

Peter Griffin: A creator-led answer to the mediapocalypse

Each wave of redundancies is hollowing out our mainstream media outlets.

Peter Griffin 13 Mar 2025
The 125-year investment birthday celebration
Opinion

David Chaplin: The 125-year investment birthday celebration

“Good investment decisions ... can sometimes have disappointing outcomes.”

David Chaplin 12 Mar 2025