Fitch Ratings downgraded its outlook for New Zealand’s credit rating to “negative” on Wednesday, citing concerns over the country’s growing government debt and delays in fiscal consolidation. The agency affirmed the country’s AA+ rating, but warned that a substantial reduction in debt was becoming increasingly challenging to achieve. The move prompted a swift response from […]
You can read the full story here: NZ Outlook Cut to Negative: Fitch Warns on Debt, Willis Defends Fiscal Plan .