Bernard Hickey talks about Fitch's outlook downgrade with Miriama Kamo on TVNZ7
20th Jul 09, 5:04pm
by
Bernard Hickey talks about BNZ's back taxes problem and Fitch's downgrade of its ratings outlook for New Zealand's AA+ sovereign rating. He concludes New Zealand's consumers and home buyers are choosing to rush towards the brick wall of a ratings downgrade. He also says BNZ may be better to pay its back taxes now rather than risk a customer backlash. Update from Alex with lines through: They didn't talk about BNZ. Bernard says his memory is faulty and apologises
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