S&P: Australia credit rating unlikely to be hit by coronavirus

Dhwani Mehta FXStreet

S&P Global Ratings came out with the latest note, citing that the economic fallout of the China coronavirus is unlikely to threaten Australia’s triple-A credit rating.

Key Quotes:

Economic impact of coronavirus unlikely to negatively affect Australia’s sovereign rating.

Forecasts virus outbreak will trim 0.5% point from Australia’s real GDP growth in 2020.

Short, temporary delay in balancing government budget unlikely to strain Australia’s creditworthiness.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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