Articles on Credit rating

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MYEFO is more positive about the 2016-17 budget bottom line than previous expectations. However, projections over the forward estimates have worsened. Lukas Coch/AAP

2016-17 MYEFO experts’ response: more of the same is not good enough

While MYEFO discussion focuses on the budget deficit, experts say it also serves as a stark reminder of the need for bigger policy ideas in Canberra.
Scott Morrison said the Moody’s affirmation was a ‘welcome boost’. Mick Tsikas/AAP

Australia’s AAA rating affirmed by Moody’s

Moody's has reaffirmed Australia's AAA credit rating, as Malcolm Turnbull seeks to put pressure on Labor and crossbenchers to pass measures to help repair the budget.
Australia is one of a small number of countries that enjoy a AAA rating. Image sourced from shutterstock.com

Vital Signs: goodbye AAA Australia?

Ratings agency S&P seems unconvinced of the Australian government's ability to reduce the budget deficit.
Bob Katter, leader of Katter’s Australian Party, said he had provided support ‘with no great enthusiasm’. Dan Peled/AAP

Katter backs Turnbull, as credit agency puts Australia on notice

Crossbencher Bob Katter has given his support on supply and confidence to a Coalition government after a meeting with Prime Minister Malcolm Turnbull in Brisbane.
In his Tuesday National Press Club address, Chris Bowen highlighted the need to preserve Australia’s AAA credit rating. Dean Lewins/AAP

Aspiring treasurer Chris Bowen looks fit for purpose

Chris Bowen presented at the National Press Club on Tuesday as a well-prepared alternative treasurer, who could slot into the real job very easily if July 2 brought the chance. “Neat” is the word that…
Deloitte strongly argues the budget has a revenue problem, not just a spending problem – a proposition consistently rejected by Treasurer Scott Morrison. Lukas Coch/AAP

Deloitte projects $129 billion four-year cumulative deficit, proclaims ‘a revenue problem’

The federal budget deficit from now through to 2018-19 is likely to be $129 billion, $21 billion worse than in the December official budget update, according to Deloitte Access Economics.
Much is expected of South African President Jacob Zuma when he delivers his 2016 State of the Nation Address. Reuters/Sumaya Hisham

State of the Nation address: what Zuma needs to tell South Africa

The general loss of faith in the economy is the most important issue President Zuma must address. More radical social and economic transformation, with emphasis on land reform will be most critical.
Treasury secretary John Fraser says if Australia were to permanently reduce net debt, it would have to achieve sustained structural budget improvements. Lukas Coch/AAP

Don’t be complacent about Australia’s top credit rating: Treasury secretary Fraser

Australia should not be complacent about maintaining its top credit rating, which depends on achieving budget repair and a more diverse economy, Treasury secretary John Fraser has said.
South African academics are extremely worried about President Jacob Zuma’s axing of the finance minister. Reuters/Stefanie Loos

Academics in South Africa voice their dismay at Zuma’s actions

Academics from several South African universities say that in the current world economy decisions about any country's finance minister cannot be made "lightly or capriciously".
Credit rating agencies often elicit criticism when they downgrade countries. EPA/Justine Lane

Q&A: why credit rating agencies matter for developing countries

Credit rating agencies have come in for a lot of flack. But the bottom line is that to attract investors with deep pockets countries can't avoid having a credit rating. And a good one at that.

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