- Analytics
- News and Tools
- Market News
- S&P maintains Australia's sovereign ratings
S&P maintains Australia's sovereign ratings
RTTNews reports that S&P Global Ratings retained the sovereign ratings of Australia at 'AAA' with a negative outlook.
The agency said the Covid-19 pandemic dealt Australia a severe economic and fiscal shock, which has substantially deteriorated the government's fiscal headroom at the 'AAA' rating level.
The general government deficit is forecast to peak at 14 percent of GDP in fiscal 2021 before narrowing, and net general government debt to reach more than 40 percent of GDP by fiscal 2023.
However, with strong institutions, a credible monetary policy, and floating exchange-rate regime, Australia's typically strong fiscal performance remains credit strength for the rating, the agency said.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
