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AUSTRALIA: Moody's Affirms Australia at Aaa; Outlook Stable

AUSTRALIA
APACAustraliaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

In affirming the Aaa rating, Moody's writes that: 

  • "Australia's economy has continued to demonstrate resilience in the wake of multiple shocks in recent years and we expect this resilience to continue into the medium-term.
  • "Australia's growth and employment outcomes have compared well with its Aaa-rated peers and inflation is moving back, albeit incrementally.
  • "Despite the significant rise in general government debt in recent years, Australia's debt burden remains comparable with its peers and is expected to moderate over the medium term.
  • "The key downside risks to the rating are Australia's exposure to externally-driven shocks reflecting its exposure to global trade, particularly Chinese demand for Australian exports, and reliance on external financing. Notwithstanding these risks, Australia remains important as a key supplier of commodities in a region with rising incomes and trend rising demand for its services in sectors such as education and tourism."
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In affirming the Aaa rating, Moody's writes that: 

  • "Australia's economy has continued to demonstrate resilience in the wake of multiple shocks in recent years and we expect this resilience to continue into the medium-term.
  • "Australia's growth and employment outcomes have compared well with its Aaa-rated peers and inflation is moving back, albeit incrementally.
  • "Despite the significant rise in general government debt in recent years, Australia's debt burden remains comparable with its peers and is expected to moderate over the medium term.
  • "The key downside risks to the rating are Australia's exposure to externally-driven shocks reflecting its exposure to global trade, particularly Chinese demand for Australian exports, and reliance on external financing. Notwithstanding these risks, Australia remains important as a key supplier of commodities in a region with rising incomes and trend rising demand for its services in sectors such as education and tourism."