Victoria, Commonwealth Games and ratings agencies

27 July 2023

 

By guest contributor Ken Atchison The Victoria Government has reneged on holding the Commonwealth Games in 2026. Incredibly, the government have cited financial prudence as the reason behind its decision. It is clear that the concurrent retention of the Victoria’s AA credit rating by S&P, which was affirmed in July, was the driver behind the government’s decision. Without pressure from ratings agencies, the Victorian Government would have been happy to...

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