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View Full Version : Downgrade Doubles Default Gap to New Zealand: Australia Credit - Bloomberg



NewsWhore
10-06-2011, 10:20 AM
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Downgrade Doubles Default Gap to New Zealand: Australia Credit (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEy4iFcLPLVqeugUkMNuoP3jAfI5g&url=http://www.bloomberg.com/news/2011-10-06/downgrade-doubles-default-gap-to-new-zealand-australia-credit.html)
Bloomberg
S&P and Fitch Ratings cut New Zealand&#39;s top credit rating on local currency debt for the first time last week because government and household debt is expanding. Australia, which pledged to return to a budget surplus by 2013, still holds the highest ...

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