« Back to Publications

John Quiggin on AAA ratings

John Quiggin writes in The Guardian (12.7.16) about the implications of a credit rating downgrade for Australia’s economy, arguing that this need not be the dire result that many in the political arena (and some economists) claim.

‘The announcement by Standard & Poors that Australia’s AAA credit rating was to be placed on a negative outlook was widely greeted as a harbinger of doom.

‘In reality, however, the loss of the AAA rating would have almost no effect on our economy. More importantly, the central importance placed on the AAA rating by Australia’s political class has seriously distorted our economic policy debate.’

Additional AAA rating commentary

Richard Holden and others contributed commentary in The Conversation about the potential credit rating downgrade for Australia’s economy, and what this might signify in terms of the Coalition government’s attempts at ‘budget repair’.

The TJRyan Foundation does not guarantee the accuracy, currency or completeness of any information or material available on this website. The TJRyan Foundation reserves the right to change information or material on this website at any time without notice. Links from this site to external, non-TJRyan Foundation websites should not be construed as implying any relationship with and/or endorsement of the external site or its content by the TJR Foundation, nor any commercial relationship with the owners of any external site. Should any TJRyan research project be funded by an individual or organisation the source of funding will be stated beside the research report. In all other cases contributions are provided on a pro bono basis.
Receive the latest news

Subscribe To Our Newsletter

Get notified about new articles

This field is for validation purposes and should be left unchanged.