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The Victorian economy had been affected more than any other state or territory due to its second wave of COVID and subsequent day lockdown. A third, five-day lockdown, due to an outbreak of the UK variant of the virus, recently ended. This site uses Akismet to reduce spam. Learn how your comment data is processed. Latest News. Previous Watchdog eyes tourism as travel opens up. Next Exports decline as ore, meat to China drop. Be the first to comment Leave a Reply Cancel reply. Moody s Keeps Australia s Triple A Moody s Keeps Australia s Triple A

By Australian Associated Press.

Moody s Keeps Australia s Triple A

Moody's has stripped Victoria of its much-vaunted AAA credit rating as the state treasurer plays down the status loss. The international ratings agency on Tuesday downgraded the state's rating to AA1 and oMody its financial outlook to "negative".

Mr Manning says the "rapid and prolonged growth in debt" will "constrain the state's capacity to respond to future shocks". In the climate of record-low interest rates, Treasurer Tim Pallas said the state government made "no apologies" for using its balance sheet to support Victorians. The Victorian economy had been affected more than any other state or territory due to its second wave of COVID and subsequent day lockdown.

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A third, five-day lockdown, due to an outbreak of the UK variant of the virus, ended on Thursday as new ABS labour force data revealed Victoria's unemployment rate fell 0. Mr Pallas said Moody's decision reflected the enormous impact the pandemic continues to have on economies across the more info. Shadow Treasurer Louise Staley said the agency downgrades would leave less money in the budget for roads, schools, hospitals and police. How we can help Contact us. We're set to remortgage in April: Is it wise to trim years off the term or better to simply overpay? Tempted to book a holiday after the roadmap was revealed?

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Moody s Keeps Australia s Triple A

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