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26 Aug 2014
S&P affirms New Zealand's ratings
FXStreet (Bali) - S&P ratings agency has affirmed New Zealand's ratings, noting that they see the New Zealand government continuing to improve fiscal performance.
According to S&P, via headlines crossing the wires, New Zealand has fiscal, monetary policy flexibility, with fiscal performance gradually improving. The rating agency sees New Zealand net general government debt peaking at 24% of GDP in fiscal year 2016, while debt servicing burden is expected to remain moderate.
Growth is expected to continue to support fiscal consolidation, S&P notes, although it also highlights that the growing links to China’s economy poses risks. With regards to the current account, S&P sees widening deficits over coming years.
According to S&P, via headlines crossing the wires, New Zealand has fiscal, monetary policy flexibility, with fiscal performance gradually improving. The rating agency sees New Zealand net general government debt peaking at 24% of GDP in fiscal year 2016, while debt servicing burden is expected to remain moderate.
Growth is expected to continue to support fiscal consolidation, S&P notes, although it also highlights that the growing links to China’s economy poses risks. With regards to the current account, S&P sees widening deficits over coming years.