NZ budget: Supports Aaa rating, stable outlook - Moody's

FXStreet (Bali) - In addition to S&P comments, which concluded that the NZ budget will have no impact on ratings or outlook, Moody's is saying that the budget shows steady fiscal improvement, even with 2015 deficit.

Moody's adds that "the budget shows a continuing positive trend in the government's finances, reflecting good underlying economic fundamentals, supporting its Aaa rating and stable outlook, with NZ debt being low compared with other AAA-rated sovereigns."