19 Feb 2015
Overall view on Australia's AAA rating hasn't changed - S&P
FXStreet (Bali) - The lack of liquidity in the FX market along Asia is evident, amid Chinese new year vacations, and as prove of that, the recent price action in AUD/USD, falling below 0.78 on a WSJ report warning about the risks of a rating downgrade by S&P, only to be denied in official comments by the rating agency.
S&P has issued official comments with the following headlines now crossing the wires:
"Overall view on Australia's AAA rating hasn't changed."
"Doesn't see large risk of rating change over next 2 years."
"Expects revenue write downs in Australian gov’t budget."
"Continues to look for credible path to balanced budget."
"Australia gov’t net debt currently low at 20% of GDP."
"Could change Australia's rating if net debt at 30% of GDP."
S&P has issued official comments with the following headlines now crossing the wires:
"Overall view on Australia's AAA rating hasn't changed."
"Doesn't see large risk of rating change over next 2 years."
"Expects revenue write downs in Australian gov’t budget."
"Continues to look for credible path to balanced budget."
"Australia gov’t net debt currently low at 20% of GDP."
"Could change Australia's rating if net debt at 30% of GDP."