Moody's affirms Australia's AAA credit rating; maintains Stable outlook

Dhwani Mehta FXStreet

The US-based rating agency, Moody’s Investors Service, affirmed Australia’s sovereign credit rating, in its latest credit assessment report published on Thursday.

Key Points:

Australia's economic features favoring shock absorption, projected continued growth in population, support relatively high growth potential.

Factors supporting rating affirmation include robust and stable GDP growth potential relative to peers.

Also moderate, albeit moderately rising, general debt burden.

And strong institutions that preserve macroeconomic and financial stability.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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