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29 Jul 2014
S&P affirms ratings on Australia at ‘AAA/A-1+
FXStreet (Bali) - S&P rating agency notes that Australia benefits from monetary, fiscal policy stability, adding that real per capita GDP growth is set to average 2.9% 2014-17, and that Australia has the ability to absorb economic and financial shocks
Further headlines from S&P statement, via Bloomberg:
"S&P affirmed ratings on Australia at ‘AAA/A-1+’, with outlook stable. Sovereign ratings on Australia benefit from its strong institutional settings, its wealthy and resilient economy, and high degree of monetary and fiscal policy flexibility."
“If demand for Australia’s resources were to weaken sharply, there could be a range of disorderly dislocations in the economy, including in its labor and property markets.”
“We could lower the ratings if external imbalances were to grow significantly more than we currently expect, either because the terms of trade deteriorates quickly and markedly, or the banking sector’s cost of external funding increases sharply.”
Further headlines from S&P statement, via Bloomberg:
"S&P affirmed ratings on Australia at ‘AAA/A-1+’, with outlook stable. Sovereign ratings on Australia benefit from its strong institutional settings, its wealthy and resilient economy, and high degree of monetary and fiscal policy flexibility."
“If demand for Australia’s resources were to weaken sharply, there could be a range of disorderly dislocations in the economy, including in its labor and property markets.”
“We could lower the ratings if external imbalances were to grow significantly more than we currently expect, either because the terms of trade deteriorates quickly and markedly, or the banking sector’s cost of external funding increases sharply.”