Standard & Poor’s reaffirms Australia’s AAA rating post budget

The rating agency is of the view that the recent budget announcements are a path to fiscal balance, however, additional restrictive measures are still required. Of particular concern was their view of the potential for wage growth and inflation to remain on the low side, with downside risk to the government’s current projections of achieving surplus by 2021. According to Standard & Poor’s, Australia's international investment position remains a major...

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