If there are concerns that Australia could be stripped of its prized AAA credit rating, it’s not been seen in the movements in Australian government bond yields lately. Indeed, on the back heightened expectations that the Reserve Bank of Australia will follow up its May rate cut with further easing […]
Last week’s federal budget may not have been as unremarkable as traders and markets thought. That’s the worrying possibility raised by Peter Jolly, the NAB’s global head of research, in a note to clients with the intriguing title “S&P’s patience on Australia’s AAA, about to break?” Jolly says that while […]
The Commonwealth government’s debt load is pushing against the rating agencies AAA boundary and putting Australia’s rating at risk, according to Peter Jolly, the NAB’s global head of research. That means treasurer Scott Morrison will need to walk the fine line between the political reality of a looming election and […]
Australia’s growth in 2015 was so surprisingly strong that credit rating agency Moody’s said it is a “credit positive”. That’s even though Australia already has the highest possible rating for a sovereign nation of AAA. Moody’s team of analysts, led by senior vice president Marie Diron, highlighted that the 3% […]
Public debt is ballooning.