Says coronavirus outbreak and slowing Chinese economy unlikely to weigh on New Zealand's credit quality even as growth slows

  • don't expect slowing China economy from outbreak of new coronavirus to substantially weigh on NZ's long-term growth prospects
  • expect New Zealand's economic growth to slow to about 2.2% in fiscal 2020 with low interest rates, wage growth
  • positive outlook on long-term ratings on New Zealand reflects view of country's declining exposure to risks related to its high external debt