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S&P kicks Australia out of “very low risk” sovereign club

June 12, 2018 - 12:50 -- Admin

It’s not yet the sovereign downgrade, but it’s the pre-downgrade downgrade, from S&P: • In the past two years, information has emerged on the Australian banking system that highlights lapses in governance and risk management. As a result, we are revising our previous view on the competitive dynamics and institutional framework of the Australian banking

The post S&P kicks Australia out of “very low risk” sovereign club appeared first on MacroBusiness.

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