You are here

Australia faces ratings downgrade: analysts

BT_20150430_SYDOWN_1645113.jpg
Goldman Sachs estimates Treasurer Joe Hockey (above) will reveal a further A$55 billion hole in the government finances when he delivers the budget on May 12.

Sydney

AUSTRALIA risks losing its top credit rating from Standard & Poor's (S&P) for the first time in more than two decades, Goldman Sachs Group Inc said.

Plunging commodity prices, weaker economic growth and government difficulties in passing legislation are expected to

sentifi.com

Market voices on:

Powered by GET.comGetCom