New Zealand's international credit rating has hit a tipping point, and economists have raised concerns.

Back in March, Fitch Ratings placed New Zealand’s AA+ long-term credit rating on a 'negative outlook', downgraded from 'stable'. 

Moody's later followed suit, claiming the global economic and political uncertainty presented downside risks to growth.

Fitch's Head of Asia-Pacific Sovereigns, Thomas Rookmaaker, says this was driven by a number of factors, including the Middle East conflict and Government debt. 

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New Zealand's international credit rating has hit a tipping point, and economists have raised concerns.
Back in March, Fitch Ratings placed New Zealand’s AA+ long-term credit rating on a 'negative outlook', downgraded from 'stable'.&nbsp;
Moody's later followed suit, claiming the global economic and political uncertainty presented downside risks to growth.
Fitch's Head of Asia-Pacific Sovereigns, Thomas Rookmaaker, says this was driven by a number of factors, including the Middle East conflict and Government debt.&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Thomas Rookmaaker: Fitch Head of Asia-Pacific Sovereigns explains why NZ's credit rating was downgraded

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/92d146bc-3d58-4754-85d9-b4490077d64d/transcript