Standard and Poors on NZ
- Says their outlook reflects expectations that New Zealand will maintain or imprve 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 is its high external debt
(in your face, Australia ... S&P didn't say that, just me)
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NZ rating affirmed:
- AA foreign currency rating
- AA+ local currency long-term sovereign credit rating