S&P Global Ratings is out with its latest review report on the Australian economy, hinting that there is1 in 3 chance of Australian AAA rating downgrade. Key findings “Spending to combat the virus economic impact. Downgrading the outlook on the credit rating was not a reflection on the spending but that the government had greater debt. Australia is not losing fiscal discipline, they are responding to an external shock that has hit the economy. Not S&P’s base case to lower the rating. Expect Australia’s fiscal position to weaken for the next two years but anticipated a rebound in 2022.” Last Wednesday, S&P downgraded Australia’s outlook to negative, citing large increases in deficits in the next two years. AUD/USD extends run-up beyond 0.6400 following China data FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Peter Schiff unleashes latest tirade against Bitcoin FX Street 2 years S&P Global Ratings is out with its latest review report on the Australian economy, hinting that there is1 in 3 chance of Australian AAA rating downgrade. Key findings “Spending to combat the virus economic impact. Downgrading the outlook on the credit rating was not a reflection on the spending but that the government had greater debt. Australia is not losing fiscal discipline, they are responding to an external shock that has hit the economy. Not S&P's base case to lower the rating. Expect Australia's fiscal position to weaken for the next two years but anticipated a rebound in 2022.” Last… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
