AA+ credit rating confirmed but with negative outlook

Independent ratings agency S&P today has issued an update that maintains South Australia’s long-term credit rating of AA+ however with a negative outlook. Treasurer Rob Lucas said this was an ‘inevitable consequence’ of the COVID-19 pandemic and the Government’s record $4 billion job-creating stimulus spend to turbo-charge the economy and save as many lives, livelihoods…

Shop trading hours to return to previous Christmas trading hours announcement

The 8-day State Government exemption for supermarkets and other essential stores, including pharmacies, across suburban Adelaide to trade extended hours to promote physical distancing will be revoked, following today’s announcement that new COVID-19 restrictions would be eased from Sunday.   Treasurer Rob Lucas said the exemption, under the Shop Trading Hours Act 1977, was set…

Government welcomes credit ratings agencies’ comment on historic job-creating Budget

Independent ratings agencies, S&P Global and Moody’s, have provided initial commentary to the market on the Marshall Government’s historic job-creating State Budget 2020-21, which was handed down yesterday. S&P Global (AA+) reported the Government’s $4 billion economic stimulus (which leverages a further $1 billion in Commonwealth and business investment) as ‘valuable support’ for businesses, despite…

Huge vote of confidence in job-creating State Budget from positive industry and stakeholder groups

  The Marshall Liberal Government has welcomed the overwhelming vote of confidence in its State Budget 2020-21 from a large cross-section of industry and stakeholder groups, who have thrown their support behind its record job-creating infrastructure spend and $4 billion in short-term stimulus.   Industry groups, including Business SA, the Business Council of Australia, the…