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What would a downgraded credit rating mean for Australia?

With a federal budget looming, international credit ratings agencies are ratcheting up the pressure. Moody's has warned Australia risks losing its prized triple-A credit rating if more isn't done to plug the budget deficit, including raising taxes.

Why is Moody's on the warpath now?

ABC RN's Sheryle Bagwell reports.

To read Sheryle's full article click here.


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