rating: When Treasurer Scott Morrison unveils his second Mid Year Economic and Fiscal Outlook this morning, replete with the now traditional Yuletide blow-out in deficit projections, it will be in the knowledge that the coveted AAA credit rating is doomed, according to Australian Broadcasting Corporation. While the credit rating agencies could wait until the budget next May before issuing a downgrade, there seems little point in delaying the inevitable. AAP Related Story 'Reasonably high' chance AAA rating will be lost before Christmas Related Story Morrison draws good and bad debt distinction Map Australia The white flag has gone up at Parliament House. There's a strong chance that at least one, Standard & Poor's, will move this week after putting the Government on notice a few months back. From an economic viewpoint, however, it won't make a great deal of difference. Politically, it's a treasurer's worst nightmare.
(news.financializer.com). As
reported in the news.
Tagged under rating, credit topics.