S&P Is Watching New Zealand’s Current Account Gap, Weak Economy
- Analyst ‘broadly comfortable’ with sovereign rating outlook
- Interest-rate cuts expected to restore GDP per capita growth
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S&P Global Ratings is “broadly comfortable” with New Zealand’s sovereign rating outlook, though it’s closely watching the nation’s large current-account deficit and weak economic growth.
The company has the South Pacific nation’s foreign currency debt at AA+ on a stable outlook. That’s the same level as the US, Austria and Finland.