Markets

Standard & Poor’s is sceptical about the Australian government’s budget surplus plan

Standard & Poor’s today reaffirmed its AAA credit rating for Australian government debt, while maintaining its negative outlook. The global ratings agency said that Australia’s strong institutions and well-developed economy provided grounds to maintain the AAA rating: Along with strong institutions, a credible monetary policy, and floating exchange-rate regime, Australia’s […]
Standard & Poor’s is sceptical about the Australian government’s budget surplus plan
Markets

BLACKROCK: Australia could lose its AAA credit rating ‘within weeks’

Following Australia’s federal election in July this year, credit ratings agency Standard and Poor’s (S&P) placed Australia’s prized AAA rating on watch negative, implying a one-in-three chance that it could be lowered within two years. It was perceived to be a warning for Australia’s policymakers, a proverbial shot across the […]
BLACKROCK: Australia could lose its AAA credit rating ‘within weeks’
Markets

CHART: Australian 10-year government bond yields just hit a record low

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 […]
CHART: Australian 10-year government bond yields just hit a record low
Markets

Australia’s AAA rating is ‘at risk’

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 AAA rating is ‘at risk’
Markets

MOODY’S: Australia’s AAA rating is safe because growth is strong

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% […]
MOODY’S: Australia’s AAA rating is safe because growth is strong