New Zealand downgraded ! Is Australia Next ?

Discussion in 'Markets & Economies' started by Ronnie 666, Sep 30, 2011.

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  1. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    I think NZ has AAA with some agencies and AA+ with some other agencies?

    Like Belgium.

    Moody's gives NZ AAA for example. S&P, AA+. Dagong is AA+.

    http://en.wikipedia.org/wiki/List_of_countries_by_credit_rating[/quote]

    Hi Fishball

    From what I understand Fitch was the agency that downgraded NZ from AA+ to AA.
    That was the original report. I have not seen any rating changes from Moody or S&P ...yet.
     
    Ronnie 666, Sep 30, 2011
    #21
  2. fishball

    fishball New Member Silver Stacker

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    Yeah no idea...but it wouldn't be the first time SMH got something wrong and it won't be the last :p

    They suck.
     
    fishball, Sep 30, 2011
    #22
  3. stinkypete

    stinkypete Member

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    not in rugby though aye :lol:
     
    stinkypete, Sep 30, 2011
    #23
  4. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Hi Stinkypete in rugby NZ is AAA and we in Oz are junk status right now.
     
    Ronnie 666, Sep 30, 2011
    #24
  5. Butch

    Butch Active Member Silver Stacker

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    quote]=fishball Doesn't Australia also have a persistent current account deficit??

    Edit: Ok yes we do [ /quote]

    Yes it coincides with every time we get a labour Federal gov !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! :mad:
     
    Butch, Sep 30, 2011
    #25
  6. Dwayne

    Dwayne New Member

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    If labour has been in power almost continually since the '60's, then you might be right. You're getting confused with the federal budget deficit.

    Edit: Just noticed that was my 1000th post. In a year? Crap!
     
    Dwayne, Sep 30, 2011
    #26
  7. Butch

    Butch Active Member Silver Stacker

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    Even the died in the wool labourites will kick these losers out of office!
     
    Butch, Sep 30, 2011
    #27
  8. Prior

    Prior Member Silver Stacker

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    Running a deficit is ALP policy, it is in the socialist's rule book.
     
    Prior, Sep 30, 2011
    #28
  9. bsides

    bsides Active Member Silver Stacker

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    fsck labor!
     
    bsides, Sep 30, 2011
    #29
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