S&P’s decision to put Australia’s AAA rating on watch has prompted online bookmaker sportsbet.com.au to offer odds on if and when it will be lost.
- Sportsbet prices losing our AAA rating with S&P a $3.00 chance this year.
- Odds of $1.35 are offered for the rating to remain at AAA.
- 2017 is the favourite for when the rating will eventually be lost.
The good news is that losing the rating this year is a $3.00 chance but the bad news is that 2017 is tipped at $2.50 to be the year it drops.
Holding on until 2018 is offered at odds of $6.00 while 2019, later, or never is a $3.75 chance.
“The situation with the government has obviously caused concern but with that outcome to be resolved quite soon and a Coalition majority more and more likely, we aren’t tipping the rating to be lost, at least not in this calendar year,’’ said sportsbet.com.au’s Will Byrne.
Markets courtesy of sportsbet.com.au
Will Australia lose its AAA Credit Rating in 2016?
$1.35 No
$3.00 Yes
When will Australia lose its AAA Credit Rating?
$3.00 2016
$2.50 2017
$6.00 2018
$3.75 2019 or Later, or Never