Well-being budget unlikely to erode fiscal prudence, Fitch says

Thu, 31 Jan 2019

By Paul McBeth Feb. 1 (BusinessDesk) - International credit rating agency Fitch Ratings isn't perturbed by the government's adoption of new well-being measures, which it sees as shifting spending priorities rather than undermining fiscal prudence. Fitch yesterday affirmed New Zealand's long-term foreign currency issuer default rating at 'AA' and retained a stable outlook, saying high governance standards, a commitment to prudent fiscal management and a credible policymaking framework underpinned its view. While the government's KiwiB...

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