I don't think those sort of securities ever had tripple A ratings. I also think those agencies learnt a few things with the GFC. It must really get up the noses of the Liberal supporters that Australia currently enjoys a better economic rating than any Liberal government was ever able to achieve. We also have lower interest rates than the Liberals were ever able to deliver although they like to claim rates are always lower under them. Add to this that the Liberal state governments are all racking up record levels of debt and deficits which their supporters choose not to see.
I can hardly wait for Tony and company to take over and the recession which will follow. He is going to cut taxes deliver spending promises and deliver a surplus...lol and pigs can fly too.
