News Headline Summary

Moody's says New Zealand consistent with its current AAA rating, outlook stable

- Strong government finances offset current account deficit, New Zealand government debt is manageable.
- Strong NZD will not affect sovereign rating, but may affect corporate ratings.
- Quantitative easing not needed in New Zealand, central bank has scope to cut ratings.

Reaction details:

- No reaction in NZD/USD to these comments from Moodys due to this being a reaffirmation; trades 0.8180 (-5 pips) last.

Print 01:35, 08 Nov 2012 - Asian News - Source: Newswires