Australia could be about to lose its AAA rating, and here's why
- Written by Ross Guest, Professor of Economics and National Senior Teaching Fellow, Griffith University
Australia’s AAA credit rating was under pressure even before the election and is now looking decidedly shaky. Ratings agency Standard & Poors has moved Australia’s rating outlook from “stable” to “negative”, due to debt and a poor chance of budget repair.
This follows warnings from the other major credit...