# New Zealand Credit Rating & Sovereign Risk Score

Makrognosis sovereign credit model scores New Zealand at 85 out of 100 as of 9 November 2026, equivalent to AA- on the familiar letter scale — investment grade.
The score is unchanged from the previous assessment on 1 October 2026.
That places New Zealand 16th of the 84 economies the model scores; Russia has the highest score at 100.
Key inputs include government debt of 61.1% of GDP, a fiscal balance of −5.2% of GDP, a current account balance of −3.6% of GDP.
This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

- Source: Makrognosis sovereign credit model
- Makrognosis code: `CREDIT:NZ`
- Scale: 0–100 (100 = strongest credit); grade equivalent is model-implied
- Page: https://makrognosis.robomacro.com/data/new-zealand/credit-rating

## Score history

| Date | Score | Grade equivalent |
|---|---:|---|
| 2026-11-09 | 84.9 | AA- |
| 2026-10-01 | 84.9 | AA- |
| 2026-07-31 | 84.9 | AA- |
| 2026-07-30 | 86.7 | AA- |
| 2026-07-26 | 85.3 | AA- |
| 2026-06-21 | 90.4 | AA |
| 2026-06-18 | 87.1 | AA- |

## Inputs

| Input | Value |
|---|---:|
| GDP per capita | US$53,305 |
| Real GDP growth, 5-year average | 2.1% |
| Inflation, recent average | 2.0% |
| Government debt | 61.1% of GDP |
| Fiscal balance | −5.2% of GDP |
| Current account balance | −3.6% of GDP |
| Foreign-exchange reserves | 3.9 months of imports |
| Governance (World Bank WGI composite) | 1.69 |

## API

```
GET https://makrognosis.robomacro.com/v1/credit/NZ
```