Ratings On Commonwealth of Australia Affirmed At ?AAA/A-1+? On Sound Fiscal Performance Sep 11

Standard & Poors, September 2011

Abstract
MELBOURNE (Standard & Poor's) Sept. 23, 2011--Standard & Poor's Ratings Services said today that it has affirmed its unsolicited 'AAA' long-term and 'A-1+' short-term sovereign credit ratings on the Commonwealth of Australia. The outlook remains stable. "The ratings on Australia reflect Standard & Poor's view of the country's ample fiscal and monetary policy flexibility, economic resilience, public policy stability, and its sound financial sector," said credit analyst Kyran Curry, of the Sovereign Ratings group. "We believe these factors demonstrate Australia's strong ability to absorb large economic and financial shocks, such as the global recession in 2009. These strengths are moderated by Australia's high reliance on external savings and commodity income to fund growth, its high household debt, and emerging fiscal...

Companies mentioned in this report are: Australia (Commonwealth of) (Unsolicited Ratings)
Action: Affirmed
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.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Australia (Commonwealth of) (Unsolicited Ratings)

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