From S&P Ratings:

  • NZ AA+/A-1 rating affirmed
  • Outlook stable
  • Say rating reflects economic resilience
  • Notes New Zealand dependence on commodity income
  • Harder for NZ to narrow fiscal deficit as growth slows
  • Monetary conditions should support growth
  • Growth to slow to 2.4% in FY 2016
  • Growth seen at 3% in 2015

meanwhile ... NZD kicking higher: