S&P Affirms Australia’s AAA Rating, Notes Growth Risks
S&P Global Ratings affirmed Australia’s AAA long-term sovereign rating with a stable outlook, citing strong institutions and low public debt, while noting lingering growth risks.
AUDUSD
BNY strategist Geoff Yu reports that S&P Global Ratings has affirmed Australia’s AAA sovereign credit rating with a stable outlook. The agency highlighted Australia’s strong institutional framework and modest public debt levels.
S&P expects fiscal deficits to remain contained and net government debt to stabilize over the forecast horizon.
While the rating remains intact, the agency acknowledged lingering growth risks, though it did not elaborate further.
Source: FXStreet Forex News