S&P affirms New Zealand's rating, outlook remains stable
|The US-based ratings agency, Standard and Poor’s (S&P), published its latest report on Friday, affirming New Zealand’s AA+ sovereign rating.
Key Points:
Outlook reflects expectations that New Zealand will maintain or improve fiscal performance over medium term
NZ has monetary and fiscal flexibility, a resilient economy
NZ has institutions conducive to swift and decisive policy actions
Offsetting these strengths are its high external debt
AA foreign currency rating
AA+ local currency long-term sovereign credit rating
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.