• Australia risks losing the "AAA" rating

Market news

16 December 2016

Australia risks losing the "AAA" rating

On Monday, the Australian Government will make "The economic and budgetary projections." Economists point out that if projections prove weak, the global rating agencies will deprive Australia of the highest credit rating of "AAA". According to the forecasts, the cumulative reduction of the budget could reach about 15 billion Australian dollars over the next four fiscal years.

Some analysts believe that the probability of this scenario is 50%. Reducing the sovereign rating of the country will also reduce the ratings of major banks. The downgrade will lead to the fact that Australia will harder attract investment.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.