Fitch Rates New Zealand's 2025 Bonds 'AA+(EXP)'

March 31, 2016 2:50 AM

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(The following statement was released by the rating agency) HONG KONG, March 30 (Fitch) Fitch Ratings, London, 31 March 2016: Fitch Ratings has assigned New Zealand's forthcoming New Zealand dollar-denominated bonds maturing in April 2025 an expected rating of 'AA+(EXP)'.

KEY RATING DRIVERS The expected rating is in line with New Zealand's Long-Term Local-Currency Issuer Default Rating (IDR) of 'AA+' with Stable Outlook. RATING SENSITIVITIES The rating would be sensitive to any changes in New Zealand's Long-Term Local-Currency IDR. Fitch affirmed New Zealand's Long-T...

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