Australia Rating Outlook Cut to Negative From Stable by S&P

  • S&P gives one-in-three chance of downgrade within two years
  • Lack of clear winner dents prospect of fiscal consolidation

S&P Lowers Australia Outlook to Negative

S&P Global Ratings cut the outlook on Australia’s AAA credit rating to negative from stable as it warned the prospect of fiscal-policy gridlock could thwart government attempts to rein in a budget deficit.

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