National's Election Hoarding's 12 | The Jackal

12 Nov 2011

National's Election Hoarding's 12

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On the 4th of October, John Key said in Parliament:
“[Standard and Poor’s] did go on to say, though, that if there was a change of Government, that downgrade would be much more likely.”
However Standard and Poor’s sovereign rating analyst Kyran Curry, who attended the meeting in Auckland, said that did not happen:
“In Auckland last month, I might have talked about the importance of the Government maintaining a strong fiscal position in the medium term but I would never have touched on individual parties. 
“It is something we just don’t do,” Mr Curry said. “We don’t rate political parties. We rate Governments.”
Here's Key explaining why he mislead the House of Representatives:

...and here's the official New Zealand debt Management Office credit rating history showing downgrades occurring more regularly under National:
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