Amidst ongoing Russia-Ukraine turmoil and soaring energy prices, S&P Global Ratings affirmed New Zealand’s sovereign credit rating at 'AA+/A-1+'.
S&P also maintained a ‘stable’ outlook on New Zealand.
No further details are provided on the same.
NZD/USD reaction
The market’s appetite for riskier assets is seen improving this Friday amid hopes for the Russia-Ukraine ceasefire.
Although investors remain cautious, unaware of Russia’s next moves.
NZD/USD is adding 0.07% on the day, currently trading at 0.6695.
