BlackRock says Australia could lose AAA rating next month

Weekend news from Bloomberg, an opinion from BlackRock

BlackRock analyst Stephen Miller (head of Australian fixed income):

• Australia could lose its S&P AAA rating as early as next month


• If the government"s interim budget review shows further deterioration


• "Australian governments have been serial under-deliverer. If we persist with that, we might see the patience of the rating agencies tested to breaking point. There have been some positive developments in the last six months, but I think they"ve been few and far between."

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Should be a negative for the AUD

BlackRock says Australia could lose AAA rating next month
BlackRock says Australia could lose AAA rating next month
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