The economic shutdown in Victoria and the state government's loose spending are putting Australia's prized AAA credit rating under pressure, global credit rating agencies have warned.
The three major credit rating agencies reaffirmed the country's AAA credit rating this week after the federal government forecast a record $185 billion deficit, and S&P and Fitch Ratings kept the top-notch rating on "negative" outlook.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
