S&P's latest note on rating says that any downgrade of Australia's sovereign rating would only affect states with AAA

  • S&P won't downgrade AA+ states if the Australian rating is lowered one notch

mmmmm ... Sorta gotta wonder why S&P is bringing this up

Huh ....


I do expect we'll get an increase in concern over the AAA as we approach the May Federal Budget, and the usual round of 'we'll all be rooned' kicks in ... a bit early for it now!