S&P affirm NZ ratings and positive outlook - say virus outbreak to slow growth
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
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