S&P: Higher spending won't affect New Zealand's credit rating

Omkar Godbole FXStreet Contributor

Ratings agency Standard and Poor's (S&P) is out on the wires stating that the New Zealand government's decision to boost fiscal spending won't have a negative impact on the country's credit rating, which currently stands at AA with a positive outlook.

New Zealand's Finance Minister Grant Robertson on Wednesday announced an NZD 12 billion hike in fiscal spending.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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