SYDNEY (Reuters) - Reserve Bank of Australia (RBA) Governor Philip Lowe said on Friday a downgrade of Australia's triple-A sovereign credit rating would be a political event, not an economic one.
Australia is among the few countries in the world with a such a rating.
Standard & Poor's last month affirmed Australia's rating but kept its negative outlook on the country citing "significant uncertainty" around the government's ability to return to budgetary surplus by 2020s.
Lowe, who was speaking before a parliamentary economics committee, said a downgrade would not be a big event.
(Reporting by Swati Pandey and Wayne Cole; editing by Richard Pullin)
