Moody’s Affirms New Zealand’s Aaa Rating

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).

via Moodys

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza