Home S&P affirms New Zealand’s AA Ratings with outlook – Positive

S&P affirms New Zealand’s AA Ratings with outlook – Positive

Published date: 4 May. 2020 | 04:37

Updated: 4 May. 2020 | 04:37

S&P Global Ratings, in its latest sovereign credit report on New Zealand (NZ), affirmed the economy’s AA rating and maintained a positive outlook.

Key takeaways

NZ fundamentals are strong, hence a positive outlook.

Fiscal position should strengthen after the COVID-19 outbreak subsides.

High external imbalances but are improving.

Fiscal and debt profiles are deteriorating temporarily.

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