The Australian Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
- Published: October 2011
- Region: Australia
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: Outlook: Stable
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Australia (Commonwealth of) (Unsolicited Ratings)