One-in-Two Chance: Australia and Cent Chance

one-in-two chance: Key points Analysts say there's a 50 per cent chance of Australia having its AAA credit rating downgraded next week Treasurer says he is willing to take on more debt after spending is under control Australia recorded worst economic result since GFC at start of December Economic analysts have warned Australia has a one-in-two chance of having its credit rating downgraded next week after the Government's mid-year economic update, which is expected to see an increase in borrowing costs, according to Australian Broadcasting Corporation. Treasurer Scott Morrison has sought to differentiate between good and bad debt, indicating he was willing to take on additional debt once spending was under control. ABC News Naomi Woodley Related Story Morrison draws good and bad debt distinction Related Story 'Reasonably high' chance AAA rating will be lost before Christmas Map Australia The Federal Treasury has not modelled the potential impact of Australia losing its AAA credit rating due to rising public debt. Bad debt is debt used for current spending purposes, no different than in a household, he told a finance conference earlier this week. The lack of modelling was detailed by Treasury officials in response to questions from Greens senator Peter Whish-Wilson. But the Treasury has not discussed this distinction with credit rating agencies, or sought to clarify their approach to assessing government borrowing for infrastructure. (news.financializer.com). As reported in the news.