A piece in the Australian Financial Review overnight on ratings agency Moody's and Australia's AAA rating
- Today's federal budget is expected to forecast a return to surplus by the end of the decade while at the same time spending big to win back disgruntled voters
- Moody's has also raised questions over the economic growth forecasts that are expected to underpin this year's budget
The article is light on for detail, but its here if you'd like more
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I expect we might get some of the usual huffing and puffing from the ratings agencies then it'll all settle down with no change to Australia's rating nor outlook.
Please bookmark this post so you can rub my nose in it if I'm wrong.
