S&P affirms NZ credit rating on expectation govt will get books back in black

Fri, 28 Aug 2015

By Suze Metherell Aug. 28 (BusinessDesk) - New Zealand's credit ratings were affirmed by Standard & Poor's, which expects the government to get its finances back into surplus, even if low inflation and slowing growth make that more difficult. S&P kept the local currency long-term and short-term ratings for the country at AA+/A-1+, and affirmed the foreign currency long-term and short-term ratings at AA/A-1+, the ratings agency said in a statement. The agency also retained its stable outlook on New Zealand, reflecting its expectation the f...

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