Downgrade for A.C.T. Credit Rating


The A.C.T. has lost its TRIPLE A credit rating.

The territory’s slower than expected budget recovery from the pandemic is the leading factor in a decision by ratings agency S&P Global – to drop the rating to DOUBLE A PLUS.

Chief Minister ANDREW BARR remains optimistic, saying the A.C.T.’s economy remains strong, while admitting there were delayed budget repairs after the pandemic.

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