Canberra retains its AAA credit standing
THE ACT has retained its AAA credit standing.
Scores company Customary & Poors (S&P) right this moment (November 10) reaffirmed the ACT’s ranking of AAA/A-1+.
The S&P report states that: “Our scores on ACT mirror its glorious monetary administration; very high-income economic system, which is intently linked to the steady public sector; and distinctive liquidity.”
The ACT’s financial fundamentals stay “very robust” and the territory has a really high-income economic system, the S&P stated.
“The territory traditionally has Australia’s most resilient labour market, with unemployment monitoring 1-2 share factors decrease than the nationwide common prior to now half decade.”
Chief Minister Andrew Barr stated the ranking was on account of robust financial administration.
“In the course of the worst of the pandemic, we did precisely what we got down to do – defend native jobs and maintain our metropolis rising, and now, our job is to construct Canberra’s future,” Barr stated.
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Ian Meikle, editor