Standard and Poors Global Rating-Research Update

Cook Islands 'B+/B' Ratings Affirmed On Sound Tourism Prospects And Donor Support; Outlook Remains Stable

Overview
· The Cook Islands' developing policymaking and institutional settings,
narrow economic base with infrastructure shortcomings, absent monetary
policy flexibility, and information deficiencies, particularly in the
external accounts, weaken the country's credit quality.
· These weaknesses are balanced against the Cook Islands' strongly
supportive relationship with New Zealand and donor agencies, the sound
performance and outlook for the key tourism sector, and its low
government debt burden.
· We are affirming the 'B+/B' sovereign credit ratings on Cook Islands. The
outlook on the ratings remains stable.

pdfCook_Islands_Primary_Credit_Analysis_3_February_2017-Report.pdf294.95 KB