Moodys warns climb in Australian govt debt would be credit negative

Moodys rating agency is crossing the wires, noting that a climb in Australian government debt would be credit negative Bloomberg reports.

Headlines

Australian federal spending cuts may be modest

Climb in Australian government debt would be credit negative

Moody's sees Australian government debt-to-GDP to rise to around 38% for the 2015 fiscal year

Without revenue steps Australian government debt likely to climb