Hon GRANT ROBERTSON: Budget 2021's focus on securing the economic recovery has been recognised by credit ratings agencies. Moody's Investors Service noted that Budget 2021 forecast a continued strengthening in the economic outlook, thanks to the Government's swift and decisive response to the COVID-19 pandemic, and underscoring New Zealand's robust credit quality. Standard & Poor's assessment of Budget 2021 confirmed that the country is recovering quicker than most advanced nations, underpinning the agency's decision to upgrade New Zealand's credit rating in February. It noted that, "given the pace of the recovery, Standard & Poor's believes the Government's credit metrics can withstand further negative shocks to the economy and its fiscal position at the current rating level."