Standard & Poor's warns about NZ debt levels
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The numbers in Bill English’s budget on Thursday will need to project a credible path back to surplus, says ratings agency Standard & Poor's.
The ratings agency has New Zealand on negative credit watch and a credit downgrade would push up interest rate costs.
“Our negative outlook on New
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Rob Hosking
Mon, 16 May 2011
Mon, 16 May 2011
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Standard & Poor's warns about NZ debt levels
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