9 Mar 2015
New Zealand rating maintained at AAA – Moody’s
FXStreet (Mumbai) - New Zealand, with its strong economic growth, has maintained its AAA rating with a stable outlook, according to the latest Moody's annual credit analysis published over the weekend.
Moody’s international credit rating agency said in the report that New Zealand's economy remains strong despite the plummeting prices for dairy products, which represents about 25% of all the island country's exports. Dairy industry prices have fallen by a third over the past year.
Moody's expects the New Zealand economy to grow about 3% during 2014 and "to remain relatively robust through 2016".
Moody’s international credit rating agency said in the report that New Zealand's economy remains strong despite the plummeting prices for dairy products, which represents about 25% of all the island country's exports. Dairy industry prices have fallen by a third over the past year.
Moody's expects the New Zealand economy to grow about 3% during 2014 and "to remain relatively robust through 2016".