Symbiotic relationship with the Department of Defence, where Defence Housing Authority (DHA) provides about 85% of Defence's married members' rental accommodation, with Defence contributing more than 90% of DHA's revenue. Long-term risk sharing agreement with Defence. Strongly supportive relationship with government owner. Capital restructure to result in a deterioration of DHA's fiscal position. The ratings on Defence Housing Authority (DHA) reflect its tightly codified risk-sharing agreement with its main customer (Department of Defence) and its close relationship with its owner, the Commonwealth of Australia (AAA/Stable/A-1+). A proposed capital restructure will weaken DHA's very strong financial position, but still consistent with the ratings. About 98% of DHA's operating revenue comes from Defenceùa government department of the Commonwealth of Australiaùand so the
