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S&P upgrades outlook on Australia s AAA rating to stable from negative

S&P upgrades outlook on Australia s AAA rating to stable from negative Toggle share menu Advertisement S&P upgrades outlook on Australia s AAA rating to stable from negative FILE PHOTO: The city skyline is seen as a tram crosses the Princes Bridge at dusk in Melbourne, Victoria, Australia, February 4, 2020. REUTERS/Andrew Kelly 07 Jun 2021 10:59AM (Updated: 07 Jun 2021 11:00AM) Share this content Bookmark S&P Global Ratings upgraded its outlook on Australia s coveted AAA  sovereign rating to stable from negative on Monday (Jun 7), citing the country s swift economic recovery from the pandemic-driven recession. Australia s A$2 trillion (US$1.55 trillion) economy has rebounded sharply to above pre-pandemic levels thanks to the country s successful handling of the COVID-19 pandemic together with massive fiscal and monetary stimulus.

Swedbank Assigned ESG Evaluation Score Of 75; Preparedness Adequate

Caution continues

At least one broker is requiring investors to pay cash upfront to buy shares of Serba Dinamik Holdings Bhd. This means the standard practice of the T+2 settlement cycle will not apply for the oil and gas services company for the time being. A source from RHB Investment told StarBiz that Serba Dinamik securities are considered as high-risk. PETALING JAYA: After several rating downgrades and hitting limit-down for two consecutive days, at least one broker is requiring investors to pay cash upfront to buy shares of Serba Dinamik Holdings Bhd . This means that the standard practice of the T+2 settlement cycle will not apply for the oil and gas services company for the time being.

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