OREANDA-NEWS. Fitch Ratings has affirmed New Zealand's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'AA' and its Long-Term Local-Currency IDR at 'AA+'. The Outlook is Stable.

Fitch has also affirmed the ratings on New Zealand's senior unsecured foreign-currency bonds at 'AA' and its senior unsecured local-currency bonds at 'AA+'. The Country Ceiling is affirmed at 'AAA' and the Short-Term Foreign- and Local-Currency IDR is affirmed at 'F1+'.