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S&P: Budget on downgrade watch ’cause it protects bubble

May 17, 2017 - 13:29 -- Admin

From S&P after the Budget and in black and white: OVERVIEW • The sovereign credit ratings on Australia benefit from the country’s  strong institutional settings, its wealthy and resilient economy,  monetary policy flexibility, and low government debt. The country’s high  external indebtedness and vulnerability to weak commodity export demand  moderate these strengths. • We are

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