The Australian Defense Industry - Competitive landscape and Strategic Insights to 2016: Market Profile
- Published: May 2012
- Region: Australia
On Sept. 17, 2007, Standard & Poor's Ratings Services affirmed its 'AAA/A-1+' foreign and local currency sovereign credit ratings on the Commonwealth of Australia (Australia). The outlook is stable. The ratings on Australia are underpinned by political stability, sound public finances, strong institutions, and a transparent policy environment. The ratings are also supported by Australia's resilient economy, which has benefited from past structural reforms that have boosted flexibility and productivity. These strengths are partly offset by the high level of private sector external indebtedness and moderate economic concentration in commodities. Australia has one of the best fiscal positions globally, distinguished by high funding of government pension liabilities and low gross debt estimated to be 4.4% of GDP at year-end 2007....
Companies mentioned in this report are: Australia (Commonwealth of) (Unsolicited Ratings)
Action: Outlook: Stable
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Australia (Commonwealth of) (Unsolicited Ratings)