• Fitch affirms New Zealand at 'AA'; outlook stable

Market news

15 February 2018

Fitch affirms New Zealand at 'AA'; outlook stable

  • New Zealand's high external debt burden and elevated household debt levels are the key weaknesses for the credit profile

  • New Zealand's real gdp growth is likely to remain solid over the next two years

  • Accommodative monetary policy and fiscal stimulus will bolster growth, which fitch forecasts at 2.8% in 2018 and 3.1% in 2019

  • Does not expect government-initiated review of RBNZ act to materially alter rbnz policy or policymaking credibility​

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