Moody’s Investors Service has today affirmed Government of New Zealand’s Aaa issuer rating. The stable outlook is maintained.
The factors driving the rating affirmation and stable outlook are Moody’s expectations that:
(1) New Zealand’s economic resilience remains very high, supported by strong growth;
(2) The country’s institutional strength remains similarly high, with proactive implementation of policies likely to continue to mitigate external and domestic vulnerabilities;
(3) And the country’s very strong fiscal position compared to peers provides high shock absorption capacity.
New Zealand’s Aaa senior unsecured debt rating, the (P)Aaa senior unsecured MTN rating, the local currency other short-term and foreign currency commercial paper ratings at Prime-1 (P-1) are also affirmed.
New Zealand’s long-term local and foreign-currency bond and deposit ceilings remain at Aaa. The short-term foreign-currency bond and deposit ceilings remain at Prime-1 (P-1).
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