Herald political editor Audrey Young reports:
Ratings agency Standard and Poor’s has contradicted a claim by Prime Minister John Key that a credit downgrade would be more likely with a change of Government in New Zealand.
Mr Key was questioned in Parliament last week by Labour leader Phil Goff about the agency’s downgrading of New Zealand’s long-term foreign currency rating from AA+ to AA.
Mr Key claimed Standard and Poor’s had said at a meeting last month that “if there was a change of Government, that downgrade would be much more likely”.
Powered by WPtouch Mobile Suite for WordPress