Tax Changes Get Tick of Approval From Ratings Agency

Tax changes get tick of approval from ratings agency

Tax hikes on property investors will help keep budget pressures under control, ratings agency S&P Global says in a check-up of Australia's fiscal health.

Australia retains AAA as tax changes and spending cuts help bottom line

Australia is just one of 11 nations with a triple A credit rating from S&P. The budget’s tax measures and spending cuts have helped retain that rating.

S&P reaffirms Australia's AAA credit rating

Australia has retained its AAA sovereign credit rating form S&P Global, with the ratings agency citing the nations sound fiscal position, modest public debt and strong institutional settings despite heightened global uncertainty. S&P reaffirmed the country's top-tier credit rating, describing Australia's fiscal performance as "sound" and noting the nation maintains "modest public debt by international standards." The agency also highlighted the …