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Australia’s credit rating is irrelevant. Ignore it

  • Written by Steven Hail, Lecturer in Economics, University of Adelaide
Australia’s credit rating is irrelevant. Ignore itWolfilser/Shutterstock

Australia guards its AAA credit rating with care. Successive governments from both sides of politics have framed federal budgets with one eye on the economy and the other on what ratings agencies such as Standard and Poor’s will do.

Just the announcement of a “negative outlook” as happened in April, makes...

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