New Zealand Credit Rating

This page includes the government debt credit rating and outlook of New Zealand as reported by the credit rating agencies of S&P, Moody’s and Fitch. Credit rating agencies are often slow to respond to rising risk conditions. Sign up free to monitor New Zealand’s sovereign risk using MacroVar Advanced Financial & Macroeconomic data analytics.

DateRatingOutlookIndicator
21/02/2021AA+StableNew Zealand Credit Rating (S&P)
02/04/2020AaaStableNew Zealand Credit Rating (Moody's)
22/01/2020AANew Zealand Credit Rating (Fitch)
30/01/2019AAPositiveNew Zealand Credit Rating (S&P)
30/01/2019AANew Zealand Credit Rating (Fitch)
21/09/2018AaaStableNew Zealand Credit Rating (Moody's)
14/02/2018AAStableNew Zealand Credit Rating (Fitch)
24/03/2017AaaStableNew Zealand Credit Rating (Moody's)
17/02/2017AAStableNew Zealand Credit Rating (Fitch)
10/08/2016AAStableNew Zealand Credit Rating (Fitch)

New Zealand Credit Rating Analysis

The credit rating signal from each credit rating agency for the sovereign debt of New Zealand and it’s meaning is presented in the table below.

S&PMoody’sFitchAnalysis
AAAAaaAAAPrime
AA+Aa1AA+High grade
AAAa2AA
AA-Aa3AA-
A+A1A+Upper medium grade
AA2A
A-A3A-
BBB+Baa1BBB+Lower medium grade
BBBBaa2BBB
BBB-Baa3BBB-
BB+Ba1BB+Non-investment grade
speculative
BBBa2BB
BB-Ba3BB-
B+B1B+Highly speculative
BB2B
B-B3B-
CCC+Caa1CCCExtremely speculative
CCCCaa2
CCC-Caa3In Default with small probability of recovery
CCCa
CC
D/DDDIn default

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