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Vic, NSW splurge putting Australia’s credit rating at risk: Fitch

Fitch Ratings has warned that state level deficits have risen sharply and were becoming increasingly important in its assessment of Australia’s fiscal position.

Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Global ratings agency Fitch has warned that ballooning state government debt fuelled by massive infrastructure spending in Victoria and NSW is putting Australia’s credit rating at risk. State deficits had “risen sharply in recent years” and were becoming increasingly important in Fitch’s assessment of Australia’s fiscal position, adding pressure to Australia’s AAA credit rating over the medium term, the agency said.

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