Original article by Adam Creighton
The Australian – Page: 21 : 30-Jul-14

Credit ratings agency Standard & Poor’s (S&P) has issued its annual ratings review for 2014, voicing some concerns about the Australian economy. It noted the reliance on China’s growth, the sizeable current account deficit and negative sentiment among investor as factors, as well as the potential for a "bubble" to emerge in the residential real estate market. S&P has also warned state and federal governments that in order to retain the nation’s "AAA" status their total net debt must not exceed 30% of GDP

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