Business Services Industry
MOODY'S ISSUES ANNUAL REPORT
Info-Prod Research (Middle East), January, 2007
In its annual report on New Zealand, Moody'sInvestors Service says its Aaa ratings and stable outlook reflect thecountry's flexible and market-oriented economic policies that havesupported stronger economic performance that is less subject to externalshocks. "The minority coalition government dominated by the Labor Party, now inpower for a third consecutive term, has demonstrated its commitment tomaintaining fiscal operating surpluses and keeping debt at a prudentlevel," said Steven Hess, author of the report.
"This non- partisan policycourse has been embraced by the principal political parties." He said the debt of the public sector, including crown entities, is at somewhat less than 40% of GDP and has been declining. The centralgovernment has a goal of maintaining debt at...
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