OREANDA-NEWS. Fitch Ratings has assigned New Zealand's forthcoming New Zealand dollar-denominated bonds maturing in April 2033 an expected rating of 'AA+(EXP)'.

KEY RATING DRIVERS
The expected rating is in line with New Zealand's Long-Term Local-Currency Issuer Default Rating (IDR) of 'AA+' with Positive Outlook.

RATING SENSITIVITIES
The rating would be sensitive to any changes in New Zealand's Long-Term Local-Currency IDR. In July 2015, Fitch affirmed New Zealand's Long-Term Local-Currency IDR at 'AA+' with a Positive Outlook. The Long-Term Foreign-Currency IDR is 'AA' with a Positive Outlook.