New Zealand Credit Rating

Current New Zealand credit ratings, according to the main rating agencies, provide a snapshot of the country’s creditworthiness and financial stability. These ratings are critical for understanding how international and domestic investors perceive New Zealand ability to honor its financial commitments.

The ratings are determined by comprehensive evaluations conducted by major credit rating agencies such as Standard & Poor's (S&P), Moody's, and Fitch Ratings. Each of these agencies uses a distinct rating scale and methodology to assess the economic and financial health of New Zealand, taking into account various factors such as economic performance, fiscal policies, political stability, and debt levels.

The table below shows the current New Zealand credit ratings, according to the main rating agencies.

Swipe left to see all data
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

New Zealand long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with New Zealand sovereign debt. These scales help investors understand the likelihood that New Zealand will meet its financial obligations.

Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
Swipe left to see all data
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
The first official book of
How to build wealth
with Lazy Portfolios and Passive Investing Strategies
Choose a goal
Use the best metrics to test it
Choose Bond ETFs to control risk
Join the passive investing strategy
New asset allocation simulations in USD and EUR

New Zealand Credit Ratings historical data

Not enough 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