Australia (Commonwealth of) - S&P Global Ratings’ Credit Research

Australia (Commonwealth of)

Australia (Commonwealth of) - S&P Global Ratings’ Credit Research
Australia (Commonwealth of)
Published Feb 20, 2003
Published Feb 20, 2003
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

The foreign currency rating on the Commonwealth of Australia was raised to 'AAA' on Feb. 17, 2003. The upgrade reflects the government's success in increasing its flexibility, including its fiscal strength, to deal with any foreseeable shocks. The higher rating also reflects the reduced foreign currency risk from most balance of payment or external liquidity stresses from Australia's high external liabilities. The ratings on Australia are supported by the sovereign's: Substantial fiscal flexibility. Australia has one of the strongest fiscal positions globally. This is underpinned by its very low and declining net public sector external and net general government debt burdens of about 3% of current account receipts and 3% of GDP, respectively. Commitment to fiscal discipline is well entrenched

  
Report Type:

Full Report

Ticker
1525Z@AU
Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Australia (Commonwealth of)" Feb 20, 2003. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Australia-Commonwealth-of-299541>
  
APA:
S&P Global Ratings’ Credit Research. (). Australia (Commonwealth of) Feb 20, 2003. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Australia-Commonwealth-of-299541>
  
US$ 500.00
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