Fitch says we need fiscal consolidation

Fitch Ratings released: Fitch Ratings has revised the Outlook on New Zealand’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable and affirmed the IDR at ‘AA+’. The Outlook revision reflects our view that a substantial debt reduction is becoming more difficult to envisage, as fiscal consolidation has been delayed in the past few years. […] The post Fitch says we need fiscal consolidation first appeared on Kiwiblog.