Ratings threat as political uncertainty weighs on Australia

Australia is one of only a handful of nations to hold the top AAA credit rating from all three major agencies, having dodged recession during the global financial crisisA potential hung parliament is bad news for Australia’s economy and investment markets, economists said Monday, with warnings that political paralysis threatens the nation’s coveted AAA credit rating. It adds to the global trend of rising political uncertainty, amid concern about Donald Trump’s run for the White House and Britain’s vote to leave the European Union.

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