Australia's 'AAA' rating not under immediate threat from coronavirus: S&P

Wed, Mar 11, 2020 - 11:42 AM

S&P forecast Australia's A$2 trillion (S$1.81 trillion) economy would slip into recession in the first half of 2020.

PHOTO: REUTERS

[SYDNEY] Australia's coveted 'AAA' credit rating is not under immediate threat from a likely technical recession while a widely expected fiscal stimulus package was unlikely to strain the country's credit worthiness, ratings agency S&P said on Wednesday.

"We believe the 'AAA' rating...

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