Australia Could Lose AAA Rating
Australia Could Lose AAA Rating

Australia Could Lose AAA Rating

Australia Could Lose AAA Rating

Australia could be stripped of its top credit score by S&P Global Ratings as early as next month if the government’s interim budget review shows further deterioration, according to BlackRock Inc, Bloomberg reported. The mid-year economic and fiscal outlook, which for the past three years has been delivered in December, could be a “catalyst” for the country to lose its AAA rating, said Stephen Miller, the Sydney-based head of Australian fixed income at the world’s largest money manager. Australia is currently the highest yielding issuer among 10 nations with top ratings from the three major assessors, and a downgrade could lessen the appeal of Aussie debt for international investors who hold the majority of the country’s sovereign notes.


Short URL : https://goo.gl/tNg5pq
  1. https://goo.gl/MFbKgO
  • https://goo.gl/Am7mqC
  • https://goo.gl/G6i4m6
  • https://goo.gl/vMeDw5
  • https://goo.gl/QozmHm

You can also read ...

Bithumb Hacked, $32m in Cryptocurrency Stolen
Cryptocurrencies dropped after the second South Korean...
South Africa GDP Shrinks
South African gross domestic product shrank 2.2% in the first...
Washington in March imposed tariffs of 25% on steel and 10% on aluminum, in a move mainly aimed at curbing imports from China.
Russia said on Tuesday it would impose import duties on US...
Saudi Arabia, which employs about two-thirds of its citizens, is chipping away at a budget deficit that ballooned to almost 16% of GDP after the oil shock of 2014, while FDI slumped more than 80% last year.
Show up, swipe in. The routine is familiar to office workers...
Australian Telecom Co. to Axe 8,000 Jobs
Australia’s dominant telecommunications company Telstra...
World Shares Snap Five-Day Losing Streak
World stocks steadied near three-week lows on Wednesday and...
Taxes in Italy Drive Economy Underground
Italy grew rapidly over the 20th century, and its black market...
South Korea to Grow 3 Percent
The Organization for Economic Cooperation and Development has...

Add new comment

Read our comment policy before posting your viewpoints