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S&P upgrades outlook on Australia s AAA rating to stable from negative Reuters 1 hr ago By Swati Pandey © Reuters/Steven Saphore FILE PHOTO: People are silhouetted against the Sydney Opera House at sunset in Australia By Swati Pandey (Reuters) -S&P Global Ratings upgraded its outlook on Australia s coveted AAA sovereign rating to stable from negative on Monday citing the country s swift economic recovery from the COVID-19 pandemic driven recession. Australia s A$2 trillion ($1.55 trillion) economy has rebounded sharply to above pre-pandemic levels thanks to the country s successful handling of the coronavirus pandemic together with massive fiscal and monetary stimulus. S&P said it was more confident now that the government s fiscal deficit will narrow toward 3% of gross domestic product during the next 2-3 years after reaching a 10% deficit in the year-ending June 2021.

United statesNew south walesUnited kingdomHimani sarkar simon cameron mooreSwati pandeyJosh frydenbergKanishka singhEuropean unionSydney opera houseSteven saphoreTreasurer josh frydenbergDeloitte access economicsHimani sarkarSimon cameron mooreஒன்றுபட்டது மாநிலங்களில்புதியது தெற்கு வேல்ஸ்