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Comments on: New Zealand budget 2009: Downgrade alert? http://www.tvhe.co.nz/2009/05/25/new-zealand-budget-2009-downgrade-alert/ The Visible Hand in Economics Wed, 27 May 2009 00:05:11 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: TVHE » New Zealand budget 2009: Is increasing GST the solution? http://www.tvhe.co.nz/2009/05/25/new-zealand-budget-2009-downgrade-alert/#comment-19917 Wed, 27 May 2009 00:05:11 +0000 http://www.tvhe.co.nz/?p=3885#comment-19917 […] New Zealand we are currently concerned about a downgrade from S&P.  They want us to be running operating surpluses from 2014, and we aren’t quite sure how to […]

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/05/25/new-zealand-budget-2009-downgrade-alert/#comment-19895 Mon, 25 May 2009 04:15:01 +0000 http://www.tvhe.co.nz/?p=3885#comment-19895 @Miguel Sanchez

Agreed that his comments are about as clear as mud.

However, my impression is that we aren’t going to stay on negative outlook for very long. S&P is in a proactive mood – they are trying to remove uncertainty by just getting credit ratings sorted. They will either cut us down, or take us off negative watch – as a result avoiding a downgrade or getting back to stable requires the same thing.

]]> By: Miguel Sanchez http://www.tvhe.co.nz/2009/05/25/new-zealand-budget-2009-downgrade-alert/#comment-19894 Mon, 25 May 2009 04:11:38 +0000 http://www.tvhe.co.nz/?p=3885#comment-19894 Is that the requirement to avoid a downgrade, or the requirement to get back to a stable outlook? Kyran Curry’s comments are as clear as mud I’m afraid.

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