Latest from the ratings agency:

  • Outlook for NZ banks stable, supported by strong economic conditions and asset quality
  • Forecasts NZ real GDP will grow 3% in 2017 and 2.8% in 2018
  • Says for NZ banks - key driver of overall asset quality is housing loans, which make up largest share of the banks' total loans, at 56% as of July 2017

via Reuters headlines