COOK ISLANDS: credit rating upgrade

Updated December 11, 2007 14:48:01

Cook Islands has won an upgrade to its foreign and local currency credit ratings from international ratings agency, Standard and Poors. The new rating brings Cook Islands up from double B minus to double B and places it on a par with the Phillipines, Indonesia and the Caribbean Island of Montserrat, that has no foreign debt.

Presenter: Jemima Garrett
Speakers: Kyran Curry, Standard and Poors