Fitch Ratings has revised the Rating Outlook of LGFA from Positive to Stable. The Long-Term Local Currency Issuer Default Rating (IDR) is affirmed at 'AA+' and Long-Term Foreign Currency IDR at 'AA'.
The Rating Outlook has been revised following Fitch Ratings revising the outlook on the New Zealand Government to Stable on 26 January 2016.
Fitch classifies LGFA as a credit-linked Public Sector Entity and equalises the ratings of LGFA with those of the sovereign.
