World Economy

Aussie Rating at Risk

Aussie Rating at RiskAussie Rating at Risk

Australia’s Treasurer Scott Morrison warned of risks to the nation’s top credit rating and urged opposition and minor party lawmakers to back plans aimed at curbing the budget deficit, APP reported. Australia’s credit score “remains more generally under risk because of the impact of global parameters hitting our budget,” Morrison said in a television interview on Sunday with Sky News. “It will be difficult to retain that rating under existing economic circumstances, and we’ll work very hard to achieve it, but what makes that job easier is passing savings that restore the budget to balance.”