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[QUOTE="InstaForex Gertrude, post: 12553, member: 2617"] [B]S&P Lowers Australia's Rating Outlook To Negative[/B] [IMG type="full"]https://forex-images.ifxdb.com/analysts/big_preview/australia/7.jpg[/IMG] 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. [I][URL="https://www.instaforex.com/forex-news"]News are provided by [B][COLOR=Red]Insta[/COLOR]Forex[/B].[/URL][/I] [/QUOTE]
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