Issue date: 
Friday, 26 February 2021

S&P Global Ratings has raised the New Zealand Sovereign’s credit rating as a result of New Zealand’s strong recovery from the COVID-19 crisis.  S&P Global Ratings raised its long-term foreign and local currency sovereign ratings on New Zealand to 'AA+' and ‘AAA’, respectively, from 'AA' and 'AA+'. The outlook is stable.

This notice is given under clause 68 of schedule 2 of the Financial Markets Conduct Regulations 2014 to holders of debt securities issued by Her Majesty the Queen in right of New Zealand including:

  • New Zealand Government Kiwi Bonds
  • New Zealand Government Bonds, and 
  • New Zealand Government Inflation-Indexed Bonds.

The ratings upgrade described above is not expected to have a material impact on an investment in these debt securities.

Last updated: 
Friday, 26 February 2021