Tuesday March 15 2016
News Source: Global Exchanges
Focus: Credit Rating
Type: General
Country: Australia
Link: https://www.fitchratings.com/site/fitch-home/pressrelease?id=1000936
Fitch Ratings has affirmed Australia`s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at `AAA`. The Outlook is Stable. Australia`s senior unsecured foreign- and local-currency bond ratings are also affirmed at `AAA`. The Country Ceiling is affirmed at `AAA` and the Short-Term Foreign Currency IDR at `F1+`.
Australia`s `AAA` rating is underpinned by the economy`s high income, strong institutions and effective governance. The free-floating exchange rate, credible monetary policy framework, low public debt and growing recognition of the Australian dollar as a reserve currency allow the economy to adjust to changing economic conditions.
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