New Zealand: Comfortable with AAA rating, outlook stable - Moody's

Moody's rating agency is crossing the wires, noting that they are comfortable with New Zealand's AAA rating, with the outlook remaining stable.

Headlines via Bloomberg

Very comfortable with current New Zealand rating, outlook
NZ "doing quite well"

Economy "very resilient to the global environment right now"
positives in services sector offsetting negatives in the dairy industry at present

Financial markets viewing New Zealand very favorably

Dairy slump not as big a problem as people think - prices down but volumes stable

Fiscal, monetary policies still have room to move if needed

Biggest risks are external environment, housing market