Budget Deficit and High Debt See ACT's Credit Rating Downgraded to AA

Budget deficit and high debt see ACT's credit rating downgraded to AA

A budget deficit and proportionally high debt, along with rising health costs and major infrastructure projects, see ACT's credit rating downgraded to AA.

ACT credit rating downgraded to Victorian levels

S&P has downgraded the ACT’s credit rating to AA and warned a further move lower is possible as the government struggles to manage the budget.

ACT's credit rating downgraded as health costs soar

ACT's credit rating was downgraded due to deficits caused by rising health costs and capital infrastructure, S&P Global says.

Call to pass Budget measures as ACT credit rating downgraded

Treasurer Chris Steel insists he has got the balance right. Photo: Ian Bushnell. ACT Treasurer Chris Steel has called on the Legislative Assembly to pass his Budget after global ratings agency S&P downgraded the Territory’s credit rating from AA+ to AA due to its large deficits and rising debt. S&P’s decision follows the 2023 downgrading from the highest rating, AAA, to AA+, the first in 20 years. Mr Steel said members of the Assembly had a resp…