We interrupt the trashing of USD/JPY to bring you comments on New Zealand from ratings agency Moody's
Moody's Steven Hess speaking to reporters at briefing in Wellington
Bloomberg with the story
- Very comfortable with current New Zealand rating, outlook
- NZ "doing quite well"
- Economy "very resilient to the global environment right now"
- positives in services sector offsetting negatives in the dairy industry at present
- Financial markets viewing New Zealand very favorably
- Dairy slump not as big a problem as people think - prices down but volumes stable
- Fiscal, monetary policies still have room to move if needed
- Biggest risks are external environment, housing market
