S&P places Victoria state’s triple A rating on negative watch

S&P Global Ratings, in its latest report, placed the Australian state of Victoria’s AAA credit ratings on negative watch amid worsening coronavirus situation.

Additional headlines

“Increasing possibility will lower the long-term rating on Victoria within the next few months if lockdown situation deteriorates. “

“Aim to resolve CreditWatch in the next few months as more details become available about the fiscal effect of the latest lockdown.”