Oz Blog News Commentary

Fitch slaps Australia on downgrade watch

May 22, 2020 - 11:20 -- Admin

Bye, bye AAA: Fitch Ratings has affirmed Australia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘AAA’ and revised the Outlook to Negative from Stable. KEY RATING DRIVERS The Negative Outlook reflects the significant impact the global coronavirus pandemic has on Australia’s economy and public finances. Growth will fall sharply in 2020 and government spending in

The post Fitch slaps Australia on downgrade watch appeared first on MacroBusiness.

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