No Moodys downgrade

This will annoy Labour. They have been hoping that Moody’s would downgrade, along with the All Blacks losing the World Cup in order to create their own little perfect storm of talking down New Zealand. Unfortunately for the doomsayers Moody’s won’t be downgrading us:

Rating agency Moody’s has confirmed New Zealand’s AAA credit rating and said the Treasury’s pre-election economic and fiscal update on Tuesday was largely in line with expectations.

“The future path of government deficits and debt is overall not too different from earlier projections. As a result, this document does not change our thinking about New Zealand’s rating,” Steven Hess, Moody’s vice president and senior credit officer, told Dow Jones Newswires in an email.

Treasury has confirmed the Government’s books are on track to return to surplus in 2014/15 but warned that risks to the forecasts were skewed to the downside.


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.