- Language: English
- Published: May 2013
- Region: Global
Ratings On New Zealand Affirmed On Fiscal Flexibility; Outlook Stable Aug 12
- Published: August 2012
- Region: New Zealand
- Standard & Poors
MELBOURNE (Standard & Poor's) Aug. 3, 2012-Standard & Poor's Ratings Services said today that it has affirmed its 'AA' foreign currency long-term rating on New Zealand. At the same time, we affirmed the local currency long-term rating at 'AA+'. We also affirmed the local and foreign currency short-term ratings at 'A-1+'. The rating outlook is stable. The Transfer & Convertibility assessment remains 'AAA'. "The rating affirmations reflect our view that New Zealand's credit metrics will continue to feature moderate fiscal flexibility, a resilient economy, and strong political and economic institutions conducive to swift and decisive policy reform," Mr. Curry said. "These strengths are offset by the country's high external debt and weak external liquidity, vulnerability to swings in commodity income,...
Companies mentioned in this report are: New Zealand
Action: Outlook: Stable
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Research type: News
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