NT cops Moody’s downgrade

03 August 2016

 

Moody's Investors Service has downgraded the credit rating of the Northern Territory Treasury Corporation, the financing authority of the Northern Territory Government. The ratings agency dropped the NTTC’s credit rating one notch from Aa2 from Aa1 and changed the outlook to stable from negative. Moody’s said larger deficits are expected to add to the Northern Territory's debt levels as revenue from taxation, grants and duties weaken and outgoings fall at...

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