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

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.