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S&P: Higher spending won’t affect New Zealand’s credit rating

Updated: 11 Dec. 2019 | 03:47

Ratings agency Standard and Poor’s (S&P) is out on the wires stating that the New Zealand government’s decision to boost fiscal spending won’t have a negative impact on the country’s credit rating, which currently stands at AA with a positive outlook.

New Zealand’s Finance Minister Grant Robertson on Wednesday announced an NZD 12 billion hike in fiscal spending.

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