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NZ credit rating increases to AA+ under Labour.
https://www.nasdaq.com/articles/new-...-aa-2021-02-22
More details on NZ's credit rating upgrade:
Quote:
"The changes make New Zealand the first developed country with investment-grade debt to receive an upgrade since COVID-19 hit.
New Zealand is recovering quicker from COVID-19 than most advanced economies, as it’s contained the spread of the virus.
“We now believe that the government’s credit metrics can withstand potential damage from negative shocks to the economy, including a possible weakening of the real estate market.” S&P said.
The upgrades signal buying bonds issued by the New Zealand Government and associated entities is a relatively safe investment.
This means New Zealand can technically lower the cost of issuing this debt.
S&P credited the New Zealand Government for having low debt by global standards.
https://www.interest.co.nz/news/1091...try-investment
Fran OSullivan headline in the NZ Herald today. Never seen Fran gushing before:t_up:
"Robertsons $50 Billion bet paid off to an AAA-Astounding degree."
"Borrowing to buffer Covid hit has won ultimate salute withS&P rating boost......." "They are the best ratings NZ has achieved in a decade " " The crowning glory which belongs to Robertson" is the ratings upgrade etcetc
The quote comes from an article written by an MP from Denmark https://www.weforum.org/agenda/2016/...d-change-2030/
Robertson was correct. Conspiracy theories have multiplied following it's publication.
westerly
The MP may have been the inspiration. It was later picked up by the Forum Chair from Austria and the quote I made was from a promo video they released and later took down after negative feedback.
The WEF still continues to peddle what they call "The Great Reset".
It isn't a conspiracy to ask....If you will own nothing, who will?