|
|
 |
|
Viewing report
|
|
|
|
Australia (Commonwealth of) Jun 04
Standard & Poors, June 2004
Abstract
Strong public sector finances, with very low debt and a commitment to ongoing fiscal discipline. Strong institutions and transparent, orthodox, policy environment. 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 potentially volatile mining and agriculture sectors. On June 9, 2004, Standard & Poor's Ratings Services affirmed its 'AAA/A-1+' ratings on Australia. The ratings on the sovereign are supported by its substantial fiscal flexibility, strong institutions and transparent policy environment, and resilient and competitive economy that is underpinned by past structural reforms. These strengths are partly offset by a high level of private-sector...
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
|
|
|
|
