ACT retains AAA credit rating in spite of Commonwealth pressure There is still a negative outlook for the ACT however, reflecting pressure on the Commonwealth government.
The ACT cannot hold a higher rating than the Commonwealth. A negative outlook means at least a one in three chance of the credit rating beingdowngradedwithin 12 to 24 months. But the ratings agency said the ACT's financial management compared "favourably" to domestic and international peers, pandora charms and prices saying the governmenthad successful navigated the global financial crisis, the Mr Fluffy crisisand Commonwealth cuts. It praised the ACT's move away from "volatile" conveyance duties towards a more "stable" land taxation system. The rating agency also said the completion of the law courts upgrade,the light rail and the Fluffy buyback and demolitionscheme would increasewill the ACT's total tax supported debt to about 96 per cent of operating revenues in 2020 up from 37 per cent in 2011. The light rail original pandora bracelet alone would mean an increase tothe ACT's total tax supported pandora bracelets and charms debt by about $330 million in 2019. However S expected the ACT to "successfully" deliver its infrastructure planswhile containing debt levels.
It considered the ACT government's plan to get rid of its superannuation liability by 2030 as "credible", saying it did not affect their view of the territory's debt burden. "In the short term, we forecast the ACT to reduce its borrowings as a proportion of operating revenues the new pandora bracelet in 2017 and 2018 as it uses non debt sources to fund part of its small after capital account deficits," the agency said.
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