From S&P Ratings:
- NZ AA+/A-1 rating affirmed
- Outlook stable
- Say rating reflects economic resilience
- Notes New Zealand dependence on commodity income
- Harder for NZ to narrow fiscal deficit as growth slows
- Monetary conditions should support growth
- Growth to slow to 2.4% in FY 2016
- Growth seen at 3% in 2015
meanwhile ... NZD kicking higher:
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