Australia could be stripped of its top credit score by S&P Global Ratings as early as next month if the government's interim budget review shows further deterioration, according to BlackRock.
The mid-year economic and fiscal outlook, which for the past three years has been delivered in December, could be a "catalyst" for the country to lose its AAA rating, said Stephen Miller, the Sydney-based head of Australian fixed income at the world's largest money manager.
