Weekend Edition: Is there too much state debt?
Friday 16th August 2024Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.A report last week from S&P Global highlights that the debt held by Australian states could exceed $600 billion later this year. Rebecca Hrvatin joins Phil to discuss this rise in debt and what it’s doing to credit ratings. Overspend on infrastructure projects seem to be one of the major concerns.But there’s no shortage of buyers according to Ken Crompton. Ken is senior fixed income strategist at NAB and a regular on The Morning Call…
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