New Zealand rating at "AA" and outlook Stable affirmed by Fitch
US ratings agency Fitch out with their latest NZ review 17 Feb
- view supported by very strong governance standards and prudent fiscal management
- NZ has high external debt burden and persistent c/a deficits which are mitigated by effective policy framework
- economic momentum is stronger than we had expected in our previous review in August
- GDP growth to slow to 2.9% in 2017 and 2.5% in 2018 as net migration flows ease
Upbeat report overall yet understandably cautious in these uncertain times.
NZDUSD currently 0.7192 near session lows with NZDJPY supply noted.