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Australia's AAA rating is affirmed at S&P, but the agency warns a cut could come unless the...

  • Thursday, September 20, 2012, 7:53 AM ET
    Australia's AAA rating is affirmed at S&P, but the agency warns a cut could come unless the aussie "adjusts" - i.e., falls - to reflect the deterioration in the country's terms of trade. The aussie is "adjusting" this morning, -0.8%, to $1.0394, but still not so far away from its all-time high vs. the greenback.
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