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'A number of shocks': Why has NZ's international credit rating taken a hit?

Author
Newstalk ZB,
Publish Date
Wed, 13 May 2026, 7:16pm
Photo / 123RF
Photo / 123RF

'A number of shocks': Why has NZ's international credit rating taken a hit?

Author
Newstalk ZB,
Publish Date
Wed, 13 May 2026, 7:16pm

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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