Australia's AAA rating not in danger: Hockey
Treasurer is confident economy would extend a run of annual growth that dates back to 1991
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Canberra
THERE is no risk of Australia being stripped of its coveted triple-A credit rating, Treasurer Joe Hockey said on Friday, slapping down speculation the country might be downgraded for the first time in 26 years.
In an interview with Reuters, Mr Hockey said he was confident the economy would extend a run of annual growth that dates back to 1991, and was dismissive of talk that the sovereign debt rating was in danger. "There is no suggestion of a risk. None. None. We're not even on negative credit watch," noted Mr Hockey. "I don't see off-the-cuff commentary from one investment bank as any reliable indicator of where our credit rating is heading."
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
