Online bookmaker sportsbet.com.au is tipping Australia to keep its AAA credit rating in 2017 and further afield.
The bookie is offering odds of $1.22 for it to remain throughout next year and $4.00 to be downgraded.
2020 or later is the $2.00 favourite in the market for when the AAA credit rating will eventually go, with 2018 and 2019 both given $5.00 chances.
The USA is favoured to lose its AA+ rating at odds of $1.75 before Australia loses its AAA credit rating.
“The negative GPD result certainly sent shockwaves through the financial sector but we’re tipping the AAA rating is here to stay and for some time yet,’’ said sportsbet.com.au’s Will Byrne.
Markets courtesy of sportsbet.com.au
Will Australia lose its AAA Rating in 2017?
Year that Australia loses its AAA rating
$2.00 2020 or later, or never
What will happen first?
$1.75 USA loses its AA+ rating
$2.00 Australia loses its AAA credit rating
***According to S&P credit ratings