Pattrick Smellie: BusinessDesk managing editor addresses warnings from international credit ratings agencies

Two warnings from international credit ratings agencies have sparked concern amongst economists. Standard and Poor expressed concern with National's proposed Three Waters policy, as it could negatively impact the debt ceilings for local councils. Fitch Ratings predicted that the new National-led Government couldn't live up to their promise of producing a budget surplus in 2027. BusinessDesk managing editor Pattrick Smellie explained the impact of these warning signals. LISTEN ABOVE    See omnystudio.com/listener for privacy information.