S&P Global Ratings came out with the latest note, citing that the economic fallout of the China coronavirus is unlikely to threaten Australia’s triple-A credit rating.
Key Quotes:
Economic impact of coronavirus unlikely to negatively affect Australia’s sovereign rating.
Forecasts virus outbreak will trim 0.5% point from Australia’s real GDP growth in 2020.
Short, temporary delay in balancing government budget unlikely to strain Australia’s creditworthiness.
- AUD/USD nears five-day high around 0.6740 with eyes on RBA’s Lowe
- S&P Global: Coronavirus impact likely to shave 0.1%-0.2% off 2020 Eurozone and UK growth
Share
