Original article by Patrick Commins
The Australian – Page: 1 & 4 : 30-May-22

S&P Global Ratings has warned that the federal government’s "off-balance-sheet" election promises could potentially put Australia’s coveted AAA credit rating at risk. Labor announced nearly $45bn worth of spending commitments during the election, including its "rewiring the nation" program and funding for social and affordable housing. The ratings agency’s lead country analyst Anthony Walker says off-balance sheet spending is automatically included in its assessment of a nation’s financial position. Walker adds that further government spending risks fuelling inflation and more aggressive tightening of monetary policy.

CORPORATES
S&P GLOBAL RATINGS, AUSTRALIAN LABOR PARTY