NSW plans mini budget in battle to save TCorp's AAA rating
- Saturday, 30 August 2008
New South Wales (NSW) will issue a mini budget by the end of October as the postponement of its plan to sell off electricity assets led Standard & Poor’s (S&P) to revise its outlook on the state to negative. An S&P report, issued after the Australian close on August 28, had a negative impact on the price of bonds of both NSW Treasury Corporation (TCorp) and other Australian states.
