On July 7, 2016, we revised our outlook on Australia to negative. At the same time, we affirmed the 'AAA' sovereign ratings. The ratings on Defence Housing Australia (DHA) are influenced by those on the Commonwealth of Australia. In our opinion, there is an "extremely high" likelihood that the Australian government would provide extraordinary support to DHA. As a result, we have revised the outlook on DHA to negative and affirmed the 'AA+' ratings. On July 7, 2016, S&P Global Ratings revised its outlook on Defence Housing Australia (DHA), the primary provider of accommodation for Australian Defence Force (ADF) personnel, to negative from stable. At the same time, we affirmed the issuer credit rating and stand-alone credit profile. The outlook
