Moody’s: New Zealand's AAA rating and stable outlook are supported

The US-based ratings agency, Moody’s Investors Service, came out with their latest annual New Zealand’s credit analysis report - "Government of New Zealand -- AAA Stable".

Key Points:

New Zealand's AAA rating and stable outlook are supported by the sovereign's very high economic resilience, and a strong fiscal position compared to peers.

Combined with effective institutions and policies, these credit strengths mitigate New Zealand's vulnerability to shifts in external funding or a turn in the housing market.

High income levels, robust population growth and continued strong Asian demand for New Zealand's products and services, including dairy, tourism and education, support the country's very high economic strength.

Moody's expects real GDP growth of around 3.0% through 2017 and 2018, above the Aaa median of 2.0%