Select a page

Banking News

Fitch provides AA and AAA to New Zealand

Fitch provides AA and AAA to New Zealand

(Wellington) - Rating agency, Fitch Ratings, has assigned 'AA' long term foreign currency and 'AAA' long term local currency ratings to New Zealand. A short term rating of 'F1+' has also been assigned. The outlook on New Zealand's long term international credit ratings is Stable, the country's ratings underpinned by one of the strongest public finances of any country rated by the firm. Consistent budget surpluses have reduced public debt from over 70 percent of GDP in 1993 to around 31 percent currently.
East & Partners's avatar

Comment on this article


Your comments will not be published. Required fields are marked *


Please enter the word you see in the image below:


Subscribe to our mailing list

Sign up now to keep up-to-date with the latest
market news and insights in B2B banking.

* indicates required

For more information please read our Terms and Conditions and Privacy Statements.