Moody’s says N.Z. consistent with its current triple-A, stable outlook rating

• Strong government finances offset current account deficit: N.Z. debt manageable.
• Sees no problem if N.Z. government return to budget surplus delayed, as deficit trend declining.
• Says quantitative easing not needed in New Zealand, central bank has scope to cut rates.
• Says strong N.Z.$ due to high commodity prices, foreign demand for NZ assets.
• Says strong NZ$ will not affect sovereign rating, but mat affect corporate ratings.
• Sees no no change to Australia’s triple A rating, views S.E. Asia stable to positive.

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