S&P warns on AAA again, again, again, again

Wednesday, 23 November 2016

Just get on with it, from S&P’s Craig Michaels via the AFR:

“If the government does meet its current target of a 2020-21 surplus that would still be consistent with the rating,” he told a conference in parliament house in Canberra hosted by Industry Super Australia.

“But if there’s more slippage beyond that then that probably wouldn’t be.”

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.