Prime Minister Kevin Rudd claims Australia's debt per capita is one of the lowest in the developed world, and Australia is one of only eight countries given a AAA credit rating with a stable outlook.
This report presents the findings of our surveillance under s912E of the Corporations Act of six credit rating agencies in Australia. The surveillance period was 1 January 2016 to 31 October 2017.
The effects of ratings-contingent regulation on international bank lending behaviour: Evidence from the Basel 2 Accord
We investigate the effects of credit ratings-contingent financial regulation on foreign bank lending behavior. We examine the sensitivity of international bank flows to debtor countries’ sovereign credit rating changes before and after the implementation of the Basel 2 risk-based capital regulatory rules. We study the...