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View Full Version : New Zealand Will Stay Its Course After Credit-Rating Cuts, English Says - Bloomberg



NewsWhore
10-01-2011, 09:20 PM
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New Zealand Will Stay Its Course After Credit-Rating Cuts, English Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGDff7qdkIiMbshNDSvnZ2dd9kI8Q&url=http://www.bloomberg.com/news/2011-10-02/new-zealand-will-stay-its-course-after-credit-rating-cuts-english-says.html)
Bloomberg
S&P cut the long-term local-currency rating to AA+ from AAA. The rating cuts add to concerns in New Zealand that borrowing costs will increase. In 2009, Prime Minister John Key said a rating cut could add 1 percent to 2 percent to mortgage rates and ...

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