S&P Global Ratings downgraded the outlook on Australia's sovereign ratings to negative from stable as the outbreak of coronavirus, or COVID-19, weakens public finances.
The downgrade reflects a 'substantial deterioration' of its fiscal headroom at the 'AAA' rating level, the agency said in a statement on Wednesday.
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April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.