S&P affirms NZ rating, fiscal strength offsets private debt

Friday, 3 August 2012, 3:59 pm Article: BusinessDesk S&P affirms NZ’s AA rating, fiscal strength offsets high private-sector debt By Hannah Lynch Aug. 3 (BusinessDesk) – Rating agency Standard & Poor’s has affirmed New Zealand’s AA rating, saying the Crown’s strong balance sheet mitigates the nation’s high level of private debt. New Zealand retained its AA foreign currency long-term rating and kept a stable outlook,…

WN.com – Science News

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Tagged as: Affirms, debt, fiscal, offsets, Private, rating, strength