Moody’s: Australian government financial strength high vs. most Aaa countries Australia has very high economic resiliency Australia growth healthy despite the end of the mining investment boom Australia housing a potential banking risk, not major Australia fiscal consolidation pace remains … Continue reading
Not to be outdone by the US, the UK puts a cherry on top of a great day with an affirmed rating from Moody’s.
Brazil has entered a technical recession two weeks ago and the credit ratings agencies are finally beginning to take notice. Then again, two weeks behind the curve is about the best you can hope for from a ratings agency.
Headline via Reuters: Moody’s downgrades Western Australia’s rating to AA1 from AAA, outlook changed to stable
Moody’s: Australian non-conforming loans are higher quality than pre-2008 US and UK equivalents Headlines via Reuters
France’s fiscal shortfall and revisions illustrate the continuing challenges facing the euro area Rigidities in product markets and costly regulatory requirements for firms also put downward pressure on France’s growth prospects Moody’s casting their judgment on the fact that France … Continue reading