AUD traders - Moody's downgrades Australian states' outlook to 'negative'

Author: Eamonn Sheridan | Category: News

The local press here in Australia, Australian Financial Review with the  report:

  • Ratings agency Moody's has downgraded its outlook for state governments 
  • from "stable" to "negative"
  • citing lower tax collection, higher debt will dampen revenues and the ability to keep their economies growing
Moody's further notes 
  • public spending on infrastructure is "underpinning economic activity" 
  • and is "increasingly funded through rising debt burdens"
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose