RBNZ's Bollard says S&P expects to hold its NZ credit rating at AA+

RBNZ's Bollard says S&P expects to hold its NZ credit rating at AA+
Reserve Bank Governor Alan Bollard has returned from a roadshow promoting NZ Inc to international investors and said he expected Standard and Poor's to remove its negative outlook on New Zealand's AA+ credit rating and retain the rating. "We've talked to S&P and they're saying to us they expect that we will stay AA+, but they'll keep their options open for a little while on that," Bollard told journalists in Wellington after returning from the trip to London, Hong Kong and New York, where Bollard, Treasury Secretary John Whitehead and Finance Minister Bill English spoke at various times to investors about the government's wholesale bond guarantee, its economic outlook and its fiscal outlook. * This article was first published on Friday in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 per annum and carries exclusive news and analysis for New Zealand banking and finance industry executives, regulators and investors. Sign up for a free trial here.    

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