BlackRock Warns Australia at Real Risk of Losing AAA Debt Rating

  • Politics may hinder meaningful fiscal reform, Miller says
  • S&P cut Australia’s outlook to negative from stable on July 7

Australia may lose its coveted ‘AAA’ rating by S&P Global Ratings as a narrow election win by Prime Minister Malcolm Turnbull and potentially fractious senate hinder government measures to rein in the nation’s budget deficit, according to Stephen Miller, BlackRock Inc.’s head of fixed income for the country.

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