January 26, 2016 / 11:08 AM / 2 years ago

Fitch lowers NZ govt bonds outlook to stable, maintains sovereign AA rating

SYDNEY, Jan 26 (Reuters) - Ratings agency Fitch on Tuesday lowered its outlook on New Zealand’s government bonds to stable from positive, while leaving the sovereign rating unchanged at AA.

Fitch said the decision to downgrade the outlook was based on weaker near-term growth prospects for New Zealand “as the outlooks for the prices of the country’s agricultural exports have deteriorated”. (Reporting by Jane Wardell; Editing by Nick Macfie)

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