Two warnings from international credit ratings agencies have sparked concern amongst economists.

S&P Global Ratings expressed concern with National's proposed Three Waters policy, as it could negatively impact the debt ceilings for local councils.

Fitch Ratings predicted that the new National-led Government couldn't live up to their promise of producing a budget surplus in 2027.

BusinessDesk managing editor Pattrick Smellie explained the impact of these warning signals.

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