|
|
 |
|
Viewing report
|
|
|
|
Australia (Commonwealth of) Dec 05
Standard & Poors, Dec 2005
Abstract
Strong public sector finances, with very low debt and a commitment to ongoing fiscal discipline. Strong institutions and transparent, orthodox, policy environment. A resilient and competitive economy has delivered strong economic growth prospects. Structural private-sector saving-investment imbalance results in persistent current account deficits, which in turn has led to high levels of net external debt. Some economic concentration in the potentially volatile mining and agriculture sectors. The ratings on the Commonwealth of Australia are supported by its solid financial profile, strong institutions, and transparent policy environment. Ratings are also bolstered by the resilient and competitive economy, which is underpinned by past structural reforms. These strengths are partly offset by the high level of private-sector external indebtedness and a degree of...
Companies mentioned in this report are: Australia (Commonwealth of) (Unsolicited Ratings),Australian Industry Development Corp.,Export Finance & Insurance Corp.,Australian Postal Corp.,Airservices Australia,Commonwealth Scientific and Industrial Research Organisation,Australian National University (The)
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
|
|
|
|
