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

|By:, SA News Editor

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.