August Snapshot: Australia’s Credit Rating
As investors and consumers, we strive for a good credit rating and sovereign nations are no different. Two of the world’s best-known ratings agencies have now put the Turnbull government on notice to reduce the budget deficit or risk losing our top notch AAA rating.
In this month’s snapshot we look at what a downgrade might mean for investors and the economy and find a silver lining.
As always, if you would like to discuss the contents of this article or how it might affect your investment portfolio, don’t hesitate to give us a call.