S&P af­firms triple-A rat­ing for Aus­tralia

New Straits Times - - Business -

SYD­NEY: Stan­dard & Poor’s (S&P) af­firmed Aus­tralia’s cov­eted triple-A rat­ing yes­ter­day, cit­ing low pub­lic debt and a “wealthy and re­silient econ­omy” al­though con­cerns re­main about the gov­ern­ment’s abil­ity to re­turn to a bud­get sur­plus. The gov­ern­ment last week pledged to de­liver a small sur­plus in 2020/21, end­ing more than a decade of deficits that have threat­ened its top-notch credit rat­ing. Moody’s In­vestors Ser­vice and Fitch Rat­ings also wel­comed the gov­ern­ment’s eco­nomic blue­print.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.