The rating difference between a cyclone and an earthquake
S&P says economy in different shape now compared to after Christchurch earthquake.
S&P expects the Government to be able to absorb the cost of Cyclone Gabrielle.
Ratings agency Standard & Poor’s has given a reassurance that while New Zealand faces a hefty price tag for the post Cyclone Gabrielle rebuild it would not necessarily lead to a downgrade in its credit rating.
S&P director Martin Foo said there had been some reporting that the cost of recovering
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