Debt rating agency confirms Australia's AAA rating

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Debt rating agency confirms Australia's AAA rating

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Old 03-28-2013, 03:22 PM Editor
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Debt rating agency confirms Australia's AAA rating

Debt rating agency Fitch has today confirmed Australia's AAA rating despite the fact that the worldwide economy is still struggling. This is based upon a range of factors which includes economic stability, political stability, infrastructure spending and a "credible and transparent macro-economic policy framework".

Despite the fact that the likes of the UK recently suffered a humiliating downgrading in their credit rating it seems that Australia is still going from strength to strength.

How long can this continue if the worldwide economy fails to recover?

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Old 04-04-2013, 08:00 PM
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Lucky you guys, as you've said, not so good here!

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Old 04-04-2013, 09:49 PM
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This is a good news given Labor's poor financial management and wasting money.

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Old 04-04-2013, 11:08 PM Editor
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I think this is simply a reflection of the strong economy, positive outlook and relatively strong Australian finances. Australia has come out of the downturn better than the vast majority of countries around the world.

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