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.