New Zealand welcomes economic vote of confidence by ratings agency

Source: Xinhua| 2019-01-31 19:27:23|Editor: Li Xia
Video PlayerClose

WELLINGTON, Jan. 31 (Xinhua) -- The New Zealand government's economic and fiscal management has received another vote of confidence on Thursday from ratings agency Standard & Poor's (S&P), said Finance Minister Grant Robertson.

S&P revised its outlook on New Zealand's AA foreign and AA+ local currency credit ratings up to "positive" from "stable." This is the strongest stance S&P has held on New Zealand since September 2011. It comes after Moody's recently reaffirmed its AAA rating, Robertson said.

The S&P report said the government's "proactive policy-making supports sustainable public finances and economic growth."

The ratings agency compared New Zealand's fiscal position and economic outlook against other economies with similar credit ratings, saying that New Zealand's per capita GDP growth "continues to outpace similarly rated peers."

The report continues to note that New Zealand's external balances are a risk, mostly due to private sector debt held offshore.

However, it also notes that housing-related imbalances facing the country's financial system have stabilized recently, and may continue to stabilize as a result of government policy, according to Robertson.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001377899761
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲天堂ab综合网 | 亚洲乱码国产乱码精品精在线网站 | 思思热在线精品视频67 | 亚洲尤物精品自产拍在线观看 | 看a在线先锋影音 | 亚洲国产一级在线观看 |