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 | - | 29 Sep 2011 | rating downgrade |
| Moody's Investors Service | Aaa | - | 20 Oct 2002 | rating upgrade |
| Fitch Ratings | AA | - | 26 Jan 2016 | outlook downgrade |
| DBRS | - | - |
New Zealand Credit Ratings: Long-term Rating Scales Comparison
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| Grade | S&P | Moody's | Fitch | DBRS | Description |
|---|---|---|---|---|---|
| Investment | AAA | Aaa | AAA | AAA | Prime |
| AA+ | Aa1 | AA+ | AA(high) | High Medium Grade | |
| AA | Aa2 | AA | AA | ||
| AA- | Aa3 | AA- | AA(low) | ||
| A+ | A1 | A+ | A(high) | Upper Medium Grade | |
| A | A2 | A | A | ||
| A- | A3 | A- | A(low) | ||
| BBB+ | Baa1 | BBB+ | BBB(high) | Lower Medium Grade | |
| BBB | Baa2 | BBB | BBB | ||
| BBB- | Baa3 | BBB- | BBB(low) | ||
| Speculative | BB+ | Ba1 | BB+ | BB(high) | Speculative |
| BB | Ba2 | BB | BB | ||
| BB- | Ba3 | BB- | BB(low) | ||
| B+ | B1 | B+ | B(high) | Highly Speculative | |
| B | B2 | B | B | ||
| B- | B3 | B- | B(low) | ||
| CCC+ | Caa1 | CCC+ | CCC(high) | Substantial Risk | |
| CCC | Caa2 | CCC | CCC | ||
| CCC- | Caa3 | CCC- | CCC(low) | ||
| CC | Ca | CC | CC | Extremely Speculative | |
| C | Ca | C | C | ||
| RD | C | RD | RD | In Default | |
| SD | / | SD | SD | ||
| D | / | D | D |
New Zealand Credit Ratings historical data
Timetable of New Zealand credit ratings by S&P, Moody's, Fitch and DBRS agencies.
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| Date | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|
| 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 |