|
|
 |
|
Viewing report
|
|
|
|
Australia (Commonwealth of) Feb 02
Standard & Poors, Feb 2002
Abstract
The ratings on the Commonwealth of Australia reflect the government's increased fiscal flexibility, the country's economic resilience, and the general political consensus for conservative economic policy. Constraining the ratings is the private sector's heavy external indebtedness, which exposes the national economy and the government to foreign investor sentiment. The government's fiscal flexibility is underpinned by its low net public sector external and net general government debt burdens of about 3% of current account receipts and 5% of GDP this year, respectively, which are substantially improved from the highs of 70% and 23% in 1995. This current fiscal flexibility enhances the government's capacity to deal with this or any future economic slowdown. The Australian economy has demonstrated its robustness, with acceptable...
Companies mentioned in this report are: Australia (Commonwealth of) (Unsolicited Ratings),Australian Industry Development Corp.,Commonwealth Bank of Australia,Export Finance & Insurance Corp.,ASB Bank Ltd.,CBFC Ltd.,Australian Postal Corp.,Airservices Australia,Sydney Airports Corp. Ltd.,CBA Funding NZ Ltd.,Commonwealth Scientific and Industrial Research Organisation
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
|
|
|
|
