Kia ora, 

  

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Matua.  

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Kind regards | Ngā mihi nui 

Reserve Bank of New Zealand – Te Pūtea Matua     

2 The Terrace, Wellington 6011. PO Box 2498, Wellington 6140         
 
T + 04 471 3660  

E [26][RBNZ request email]   W [27]rbnz.govt.nz  

 

 

 

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4/03/2024

 

 

Sarah Allison

[1][FOI #25973 email]

 

 

Dear Sarah,

 

Official information request for information on our interactions with
credit agencies

Thank you for your official information request of 3/03/2024 for:

 

Part 1

How often did RBNZ officials interact (i.e. meet, video call, email,
correspond) with S&P Global Ratings (S&P), Moody's Investors Service
(Moody's) and Fitch Ratings (Fitch) in the year March 1 2023 to March 1
2024.

 

Part 2

Please provide a list of these interactions.

 

We will endeavour to respond to your request as soon as possible and in
any event no later than 2 April 2024, being 20 working days after the day
of your request. If we are unable to respond to your request by then, we
will notify you of an extension of that timeframe.

 

Charges for providing official information and publishing responses

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our website at
[2]www.rbnz.govt.nz/research-and-publications/official-information-requests.

 

 

Yours sincerely

Government and Industry Relations Team

Reserve Bank of New Zealand – Te Pūtea [4]Text Description automatically
Matua generated

2 The Terrace, Wellington 6011. PO Box    
2498, Wellington 6140

W [3]rbnz.govt.nz

 

 

 

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Dear Sarah

 

We refer to your official information request of 3 March 2024 for RBNZ’s
interactions with credit rating agencies. You requested:

o How often did RBNZ officials interact (i.e. meet, video call, email,
correspond) with S&P Global Ratings (S&P), Moody's Investors Service
(Moody's) and Fitch Ratings (Fitch) in the year March 1 2023 to March
1 2024.
o Please provide a list of these interactions.

 

However, your request, as currently framed, would be a very wide scope as
various teams within RBNZ would engage with these agencies in various ways
and may purchase different services from them. For example, engagement
with these agencies could relate to the following:

o The Sovereign rating of New Zealand.
o The credit ratings of banks in New Zealand.
o RBNZ purchasing credit rating agency services.
o Staff at RBNZ may also receive regular informational emails (research
and marketing) from credit rating agencies.

 

The level of engagement would vary depending on RBNZ’s role or input in
each instance. For example, we note you have also made a similar request
to Treasury which may capture more information related to the Sovereign
rating of New Zealand (as these meetings are coordinated by Treasury).

 

It would be helpful if you could explain more precisely what you are
seeking from RBNZ.

 

Please note, any clarification or amendment of a request is considered a
new request for the purpose of calculating the maximum statutory timeframe
for response (see section 15(1AA) of the Official Information Act).

 

Yours sincerely

 

 

Government and Industry Relations

Reserve Bank of New Zealand – Te Pūtea [2]Text Description automatically
Matua generated

2 The Terrace, Wellington 6011. PO Box    
2498, Wellington 6140

W [1]rbnz.govt.nz

 

 

 

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be legally privileged. If you are not the intended recipient please notify
the sender immediately and delete this message from your system.

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message they should seek alternative confirmation from the Reserve Bank of
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Dear Sarah

 

We refer to your official information request of 3 March 2024 for RBNZ’s
interactions with credit rating agencies and our subsequent email of 5
March 2024 setting out that clarification was required from you for us to
understand precisely what you are seeking.

 

To reiterate, your request, as it was framed, would be a very wide scope
as various teams within RBNZ would engage with credit rating agencies in
various ways and may purchase different services from them. For example,
engagement with these agencies could relate to the following:

o The Sovereign rating of New Zealand.
o The credit ratings of banks in New Zealand.
o RBNZ purchasing credit rating agency services.
o Staff at RBNZ may also receive regular informational emails (research
and marketing) from credit rating agencies.

 

As you have not provided a clarification we will be closing this request.
If you decide to provide a clarified request based on the above
information, this will then be logged as a new request.

 

Yours sincerely

 

 

Government and Industry Relations

Reserve Bank of New Zealand – Te Pūtea [2]Text Description automatically
Matua generated

2 The Terrace, Wellington 6011. PO Box    
2498, Wellington 6140

W [1]rbnz.govt.nz

 

 

 

This message (and any files transmitted with it) are confidential and may
be legally privileged. If you are not the intended recipient please notify
the sender immediately and delete this message from your system.

This message does not necessarily reflect the views of the Reserve Bank of
New Zealand. If the recipient has any concerns about the content of this
message they should seek alternative confirmation from the Reserve Bank of
New Zealand.

References

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