Hon GRANT ROBERTSON (Minister of Finance): Yesterday, international credit ratings agency Standard & Poor's upgraded New Zealand's local currency credit rating to AAA and our foreign currency rating to AA+, both with a stable outlook. Standard & Poor's praised the Government's handling of the pandemic, saying New Zealand is recovering quicker than most advanced economies because we have been able to contain the spread of COVID-19 better than many others. The ratings upgrade by Standard & Poor's is recognition that the Government strategy that the best economic response to the pandemic was a strong public health response was the right one. 