beehive.govt.nz
Added: Aug 4, 2012
Standard & Poor’s has today affirmed New Zealand’s long-term foreign currency rating at AA with a stable outlook, noting this country’s fiscal flexibility, resilient economy and strong political and economic institutions.
“This is welcome news and confirms New Zealand is heading in the right direction – and it is better placed than many other countries,” Finance Minister Bill English says.
“Standard & Poor’s notes that New Zealand has favourable prospects for sustained growth while there remains strong demand for agricultural exports.”
New Zealand is one of only nine countries with the highest possible Aaa rating and a stable outlook with Moody’s, and it has an AA rating with Fitch.