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Moody's on NZ: Comfortable with AAA rating, outlook stable

We interrupt the trashing of USD/JPY to bring you comments on New Zealand from ratings agency Moody's

Moody's Steven Hess speaking to reporters at briefing in Wellington

Bloomberg with the story

  • Very comfortable with current New Zealand rating, outlook
  • NZ "doing quite well"
  • Economy "very resilient to the global environment right now"
  • positives in services sector offsetting negatives in the dairy industry at present
  • Financial markets viewing New Zealand very favorably
  • Dairy slump not as big a problem as people think - prices down but volumes stable
  • Fiscal, monetary policies still have room to move if needed
  • Biggest risks are external environment, housing market

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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