Tuesday, April 12, 2016

Prized AAA rating at risk without budget repair, NAB warns

With the federal budget three weeks away, the Federal Government has been warned Australia's AAA credit rating could be at risk.

The National Australia Bank is the latest to warn that the slow path to budget repair is pushing the patience of the big three ratings agencies - Moody's, Standard & Poor's and Fitch.

They want to see fiscal restraint and evidence that the Budget will show fiscal restraint ahead of this year's election.

I spoke with the NAB's chief economist Alan Oster for the ABC's AM program.

Source: National Australia Bank 11 April 2016

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