Fitch gives Australian economy big tick

Written By Unknown on Saturday, 27 October 2012 | 10:01

The parasite of capitulation comes only days after a supervision handed down a mid-year mercantile and mercantile opinion (MYEFO).

Australia now sits with only 6 other countries with a tip credit rating and a fast opinion from a “big three” vital credit ratings agencies – Standard Poor’s, Moody’s and Fitch.

Mr Swan hailed a preference as good for Australia and an publicity of a economy.

“We conduct a economy in a interests of operative people, and we’ve had a large parasite from a rating agencies overnight,” he told reporters in Brisbane on Saturday.

The preference was serve validation of a sovereign government’s mercantile settings and mercantile performance, he said.

The government’s despotic mercantile process had also given a Reserve Bank of Australia “maximum flexibility” in slicing seductiveness rates.

“We have an enviable multiple of solid

Read full article: http://www.smh.com.au/environment/whale-watch/shepherd-fugitive-to-stay-at-sea-20120901-2573r.html


Source:
http://www.news.ezonearticle.com/2012/10/27/fitch-gives-australian-economy-big-tick/

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