Debt risk 'too high' for credit rating upgrade – S&P
One of the big three credit ratings agencies is holding New Zealand at double-A.
Nevil Gibson Mon, 14 Aug 2017
A dependence on population growth and high household indebtedness are dampening New Zealand’s hope of a re-rating by one of the big three global credit agencies.
The head of sovereign risk at S&P Global Ratings, Craig Michaels, says these two factors weigh against restoring New Zealand’s