Why are ratings agencies so hostile to low debt Australia?
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From David Uren at The Australian:
Australia’s $1 trillion foreign debt is emerging as the biggest concern for credit ratings agencies as they consider whether to give formal notice that the government’s AAA sovereign credit rating is in danger.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.