New Australia government keeps AAA ratings
SYDNEY (AFP) - International credit agencies Standard & Poor's (S&P), Moody's and Fitch on Monday reaffirmed Australia's AAA sovereign rating after the conservatives won power, saying they expected little change to the fiscal framework.
All said their ratings were not immediately affected by the change of government.
"The ratings on Australia reflect the country's significant fiscal and monetary flexibility, economic resilience, and public policy stability," S&P said in a statement.
"We expect the new government to pursue a broadly similar fiscal strategy to the previous government, targeting narrowing budget deficits over time."