Australia's AAA rating not in danger: Hockey
Treasurer is confident economy would extend a run of annual growth that dates back to 1991
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."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month