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Fitch downgrades New Zealand outlook to Stable from Positive

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The ratings agency Fitch, in its latest New Zealand review, affirmed sovereign rating at AA, but revised outlook lower to Stable from Positive.

    Key Points

    Weaker growth prospects have translated into a slower than expected path of debt reduction

    Expects GDP to pick up to +2.4% and +2.6% in 2016 and 2017
    For more information, read our latest forex news.
     

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