Current New Zealand credit ratings, according to main rating agencies.
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| Rating Agency | Rating | Outlook | Last Update | Action |
|---|---|---|---|---|
| Standard & Poor's | AA+ | - | 22 Feb 2021 | rating upgrade |
| Moody's Investors Service | Aaa | - | 20 Oct 2002 | rating upgrade |
| Fitch Ratings | AA+ | - | 9 Sep 2022 | rating upgrade |
| DBRS | - | - |
New Zealand: Long-term Rating Scales Comparison
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
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| Grade | Description | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|---|
|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
| High Medium Grade |
AA+
|
Aa1
|
AA+
|
AA(high)
|
|
|
AA
|
Aa2
|
AA
|
AA
|
||
|
AA-
|
Aa3
|
AA-
|
AA(low)
|
||
| Upper Medium Grade |
A+
|
A1
|
A+
|
A(high)
|
|
|
A
|
A2
|
A
|
A
|
||
|
A-
|
A3
|
A-
|
A(low)
|
||
| Lower Medium Grade |
BBB+
|
Baa1
|
BBB+
|
BBB(high)
|
|
|
BBB
|
Baa2
|
BBB
|
BBB
|
||
|
BBB-
|
Baa3
|
BBB-
|
BBB(low)
|
||
|
Speculative Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
|
BB
|
Ba2
|
BB
|
BB
|
||
|
BB-
|
Ba3
|
BB-
|
BB(low)
|
||
| Highly Speculative |
B+
|
B1
|
B+
|
B(high)
|
|
|
B
|
B2
|
B
|
B
|
||
|
B-
|
B3
|
B-
|
B(low)
|
||
| Substantial Risk |
CCC+
|
Caa1
|
CCC+
|
CCC(high)
|
|
|
CCC
|
Caa2
|
CCC
|
CCC
|
||
|
CCC-
|
Caa3
|
CCC-
|
CCC(low)
|
||
| Extremely Speculative |
CC
|
Ca
|
CC
|
CC
|
|
|
C
|
C
|
C
|
C
|
||
| In Default |
RD
|
/
|
RD
|
RD
|
|
|
SD
|
/
|
SD
|
SD
|
||
|
D•NR
|
D•NR
|
D•NR
|
D•NR
|
||
New Zealand Credit Ratings historical data
Timetable of New Zealand credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
Swipe left to see all data
| Date | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|
| 9 Sep 2022 | AA+ | |||
| 22 Feb 2021 | AA+ | |||
| 23 Jan 2020 | AA | |||
| 31 Jan 2019 | AA | |||
| 26 Jan 2016 | AA | |||
| 8 Jul 2014 | AA | |||
| 29 Sep 2011 | AA | AA | ||
| 21 Nov 2010 | AA+ | |||
| 15 Jul 2009 | AA+ | |||
| 27 May 2009 | AA+ | |||
| 12 Jan 2009 | AA+ | |||
| 18 Aug 2003 | AA+ | |||
| 20 Oct 2002 | Aaa | |||
| 27 Mar 2002 | AA | |||
| 6 Mar 2001 | AA+ | |||
| 23 Sep 1998 | Aa2 | |||
| 9 Sep 1998 | AA+ | |||
| 4 Jun 1998 | Aa1 | |||
| 26 Feb 1996 | Aa1 | |||
| 31 Jan 1996 | AA+ | |||
| 3 Jan 1996 | Aa2 | |||
| 22 Dec 1994 | AA | |||
| 7 Jul 1994 | AA | |||
| 16 Mar 1994 | Aa2 | |||
| 22 Feb 1994 | Aa3 | |||
| 22 Jan 1991 | AA- | |||
| 26 Jun 1989 | AA | |||
| 2 Nov 1986 | AA | |||
| 15 Aug 1986 | Aa3 | |||
| 17 Oct 1984 | Aa | |||
| 29 Apr 1983 | AA+ | |||
| 29 Jun 1977 | Aaa | |||
| 1 Nov 1976 | AAA | |||
| 10 Jul 1975 | Aa | |||
| 1 Jul 1965 | Baa | |||
| 29 Sep 1961 | BBB |