Australian Treasurer Jim Chalmers has said that the renewal of Australia’s AAA credit rating by rating agency Standard and Poor’s (S&P) proves the effectiveness of the Albanese government’s “responsible economic management” in the previous year. On Jan. 30, S&P Global announced that Australia had retained its AAA credit rating while expecting the country to avoid…
Treasurer Welcomes Renewal of Australia’s AAA Credit Rating Amid Challenging Economic Conditions
Australia Retains AAA Credit Rating
Australia has kept its triple-A credit rating and is expected to lower its budget deficit considerably as the country wraps up stimulus measures and its economy recovers from the COVID-19 downturn, according to U.S. credit rating agency, S&P. The global authority in credit rating had anticipated that Australia would experience economic growth in the December…
Costa Mesa Receives Outstanding Credit Rating Amid Pandemic
Costa Mesa received an impressive credit rating during the most recent fiscal year, despite challenges brought on by the ongoing COVID-19 pandemic. The city received an AA+ rating from Standard and Poor’s (S&P) for the 2019–2020 fiscal year that ended June 30, for its 2017 Lions Park Project bonds. The Lions Park Project is a…
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