New Zealand’s economy
New Zealand has a small, open economy operating on free market principles. It has a sizable manufacturing and a large services sector complementing a highly efficient export-oriented agricultural sector. New Zealand is also a popular overseas visitor destination, and tourism is an important source of export income.
New Zealand Debt Management Office
The New Zealand Debt Management Office (NZDMO) is the part of the New Zealand Treasury responsible for managing the Government’s debt and overall cash flows. We have been operating in international debt markets for over 25 years. Our guiding principles are transparency, even-handedness and consistency in our dealings with investors and intermediaries.
|Rating Agency||Domestic Currency||Foreign Currency||Latest update|
Moody's Investors Service
|Aaa (stable outlook)||Aaa (stable outlook)||24 March 2016|
Standard and Poor's
|AA+ (stable outlook)||AA (stable outlook)||22 March 2016|
|AA+ (stable outlook)||AA (stable outlook)||10 August 2016|
Bond portfolio as at 30 November 2016 - market outstandings
Note in addition there is approximately NZD 4 billion in Treasury bills outstanding.