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June 17, 2025
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Month: July 2016

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Australian Economy

S&P fires first shot across bows – AAA rating placed on credit watch negative

July 7, 2016 admin 46

Years of spending beyond our means has caught up with Australia today, with ratings agency Standard and Poor’s lowering Australia’s credit rating outlook to negative. While Australia retains its prized AAA credit rating for now, it is a strong warning Australia could lose its coveted credit rating if our budget …

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Australian Economy

Australia’s AAA credit rating at risk following cliff-hanger election

July 3, 2016 admin 12

Australia’s trek to the polls on Saturday has resulted in a nail biting, too close to call result. At the conclusion of counting at 2am Sunday morning, the ALP had 67 seats, LNP – 65 and the minor parties have picked up five. 13 seats remain in doubt with counting …

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