New Zealand: Comfortable with AAA rating, outlook stable - Moody's

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Moody's rating agency is crossing the wires, noting that they are comfortable with New Zealand's AAA rating, with the outlook remaining stable.

    Headlines via Bloomberg

    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
    For more information, read our latest forex news.

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