New Zealand sovereign rating upgraded to AA+

New Zealand’s sovereign credit rating has been upgraded by Standard & Poor’s Global Ratings, citing the nation’s quicker-than-expected economic recovery from the coronavirus disease pandemic. The New Zealand dollar climbed, Bloomberg reports.

The foreign currency rating was raised to AA+ from AA while the local currency rating was increased to AAA from AA+, S&P said in a statement on Monday. The outlook is stable.

“New Zealand is recovering quicker than most advanced economies because the country has been able to contain the spread of the coronavirus better than most others,” S&P said. “We now believe that the government’s credit metrics can withstand potential damage from negative shocks to the economy, including a possible weakening of the real estate market, and its fiscal position at the ‘AA+’ rating level.”


Fill in your details below or click an icon to log in: 徽标

您正在使用您的 账号评论。 登出 /  更改 )

Google photo

您正在使用您的 Google 账号评论。 登出 /  更改 )

Twitter picture

您正在使用您的 Twitter 账号评论。 登出 /  更改 )

Facebook photo

您正在使用您的 Facebook 账号评论。 登出 /  更改 )

Connecting to %s

这个站点使用 Akismet 来减少垃圾评论。了解你的评论数据如何被处理