S&P Global Ratings revises NZ economic risk trend to positive from stable

S&P Global Ratings revises NZ economic risk trend to positive from stable
Rebecca Howard
By Rebecca Howard Oct. 30 (BusinessDesk) - S&P Global Ratings revised its risk trend on New Zealand to positive from stable after housing-related imbalances in the economy moderated.  "We are revising our economic risk trend to positive given our view that the risks facing New Zealand's financial system have stabilised. This reflects a slowdown in the rapid rate of growth in residential house prices and private sector credit extension as the credit cycle matures," the ratings company said in a statement. However, "we do not expect that...