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9 Jul 2020 14:01
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  •   Home > News > Politics

    New Zealand has managed to hold on to a top AAA credit rating despite the Covid 19 spending blow-out

    New Zealand has managed to hold on to a top AAA credit rating despite the Covid 19 spending blow-out


    Credit ratings agency Moody's says the Government's investment plans to stimulate the economy are affordable - and New Zealand will remain with one of the lowest debt positions in the world.

    The agency confirmed its top AAA credit rating for New Zealand and expected our fiscal position to remain stronger than peers on the same rating.

    Finance Minister Grant Robertson says it makes sense for the Government to use its strong balance sheet by borrowing at low rates to stimulate the economy.

    Standard and Poor's maintained a positive outlook last week.

    © 2020 Newstalk ZB, NZCity


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