Ratings groups keep their powder dry

Original article by Jacob Greber
The Australian Financial Review – Page: 3 : 5-May-16

Rating agencies Standard & Poor’s and Moody’s will assess the Australian Government’s May 2016 Budget before deciding whether to review the nation’s coveted "AAA" credit rating. National Australia Bank’s Alan Oster says the Budget measures should be sufficient to avoid a ratings downgrade, but adds that Australia’s credit rating outlook could potentially be revised. Meanwhile, Moody’s forecasts 3.7 per cent growth in nominal GDP in 2016-17, while the Treasury expects 4.25 per cent growth.

CORPORATES
STANDARD AND POOR’S CORPORATION, MOODY’S INVESTORS SERVICE INCORPORATED, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA. DEPT OF THE TREASURY, TD SECURITIES, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, DEUTSCHE BANK AG

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