FOREX TradingCharts.com

Financial News: S&P Lowers Australia's Rating Outlook To Negative

S&P Lowers Australia's Rating Outlook To Negative

04/07/2020 - 23:16:00 (RTTNews)

(RTTNews) - S&P Global Ratings revised the outlook on Australia's rating outlook to negative from stable as coronavirus, or COVID-19, outbreak weakened its fiscal outlook.

The rating agency said the negative outlook reflects a substantial deterioration of Australia's fiscal headroom at the 'AAA' rating level.

The outbreak of coronavirus has posed a severe economic and fiscal shock. The Australian economy is set to plunge into recession for the first time in almost 30 years, causing a substantial deterioration of the government's fiscal headroom at the 'AAA' rating level.

Nonetheless, the ratings were affirmed at 'AAA'. S&P observed that the triple A rating on Australia benefit from the country's strong institutional settings, its wealthy economy, and monetary policy flexibility.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Italy Jobless Rate Lowest Since 2007 (15 min(s), 55 sec(s) ago)
(RTTNews) - Italy's jobless rate decreased to the lowest level in more than twelve years in Ap ...Full Story»

Sweden Service Sector Shrinks At Slower Pace In May (28 min(s), 55 sec(s) ago)
(RTTNews) - Sweden's services sector contracted at a slower pace in May, survey data from Swed ...Full Story»

Romania Producer Prices Drop For First Time Since 2016 (28 min(s), 55 sec(s) ago)
(RTTNews) - Romania's producer prices dropped for the first time over three-and-a-half years i ...Full Story»

UK Services Sector Logs Steep Contraction In May (47 min(s), 55 sec(s) ago)
(RTTNews) - The UK service providers reported a steep reduction in business activity in May due to ...Full Story»

Eurozone Jobless Rate Rises In April (01 hr(s), 30 min(s), 55 sec(s) ago)
(RTTNews) - The euro area unemployment rate increased in April as member countries implemented cor ...Full Story»

German Unemployment Surges In May (01 hr(s), 45 min(s), 55 sec(s) ago)
(RTTNews) - German unemployment increased more than expected in May amid coronavirus pandemic, dat ...Full Story»

Russia Service Sector Contracts In May (02 hr(s), 35 min(s), 55 sec(s) ago)
(RTTNews) - Russia's service sector registered considerable contraction in May, due to the con ...Full Story»

India Service Sector Contracts In May (04 hr(s), 17 min(s), 55 sec(s) ago)
(RTTNews) - India's service sector contracted sharply in May as economic effects of the corona ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Italy Jobless Rate Lowest Since 2007

06/03/2020 - 06:29 AM (RTTNews)
(RTTNews) - Italy's jobless rate decreased to the lowest level in more than twelve years in Ap ...Full Story>>

Romania Producer Prices Drop For First Time Since 2016

06/03/2020 - 06:16 AM (RTTNews)
(RTTNews) - Romania's producer prices dropped for the first time over three-and-a-half years i ...Full Story>>

Sweden Service Sector Shrinks At Slower Pace In May

06/03/2020 - 06:16 AM (RTTNews)
(RTTNews) - Sweden's services sector contracted at a slower pace in May, survey data from Swed ...Full Story>>

UK Services Sector Logs Steep Contraction In May

06/03/2020 - 05:57 AM (RTTNews)
(RTTNews) - The UK service providers reported a steep reduction in business activity in May due to ...Full Story>>

Eurozone Jobless Rate Rises In April

06/03/2020 - 05:14 AM (RTTNews)
(RTTNews) - The euro area unemployment rate increased in April as member countries implemented cor ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.