Bugger. Now we learn that "Leading credit rating agency Moody's yesterday confirmed New Zealand's Triple-A credit rating with a stable outlook". Triple-A is their highest rating. Moody's said they were satisfied with the forecast projections contained in the PREFU released earlier in the week. "The future path of Government deficits and debt is not too far different from earlier projections. As a result this document does not change our thinking about New Zealand's rating" said Steven Hess, Moody's Vice-President and Senior Credit Officer.
'Poor' Labour .... Oh dear, how sad, move on.