Downgrade on NZ's risk profile possible

A word of caution on New Zealand's low-risk economic status.

Dun & Bradstreet says the global economic recovery remains stalled five years after the global financial crisis.

Spokesman Lance Crooks says despite New Zealand’s relative safety, the country's overall risk profile is classified as deteriorating.

Mr Crooks says that's because of a decline in export prices and a rise in the unemployment rate to a 13-year high of 7.3% late last year.

"We haven't gone ahead.

"There is a risk that we could decline given what's happening internationally; we wouldn't rule a downgrade out of the question."

New Zealand was last downgraded in March 2011.


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