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Sagarika Chandra: Fitch analyst reveals why the agency changed New Zealand's rating
Published 2 months, 3 weeks ago
Description
Major credit rating agency Fitch needs more confidence our Government will lower debt before it will change our rating.
It reduced New Zealand's AA+ rating outlook from stable - to negative - over the weekend.
Finance Minister Nicola Willis says it's proof of the importance of fiscal discipline.
Agency primary rating analyst Sagarika Shandra says the Government has a plan to reach a surplus, but needs to stick to it.
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