Standard & Poor's lifts NZ's outlook to positive

Thu, 31 Jan 2019

By Rebecca Howard Jan. 31 (BusinessDesk) - Standard & Poor's Global Ratings revised New Zealand's outlook to positive on its improving fiscal position. New Zealand's government budget could achieve a surplus in the early 2020s, which would provide additional resilience to macroeconomic or financial sector risks should they arise, the rating's agency said. "As a result we are revising our outlook on the sovereign long-term ratings to positive from stable." The kiwi remained firm against the US dollar on the news, last trading at 6...

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