Outlook 2025: NZ’s credit ratings face pressure

Infrastructure frailties in NZ may affect our credit rating. (Image: Mark Mitchell)

Tue, 24 Dec 2024

Back in September I wrote that the potential for a credit rating downgrade will linger over the coming year.“A deeper economic adjustment will make the Government’s projected return to surplus challenging with a major downgrade to the fiscal numbers set for the December Economic and Fiscal Update.”It would not be the end of the world – more a margin of excellence tweak – but it will be a serious dent in the Government's fiscal credibility. New Zealand has received considerable “niceness” and ku...

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