On June 7, 2021, we revised our outlook on Australia to stable from negative, and affirmed the 'AAA/A-1+' unsolicited sovereign credit ratings. The ratings on Defence Housing Australia (DHA) are supported by the credit quality of Australia. In our opinion, there is an extremely high likelihood that the Australian government would provide extraordinary support to DHA. As a result, S&P Global Ratings revised the outlook on DHA to stable from negative, and affirmed the 'AA+' long-term and 'A-1+' short-term issuer credit ratings on DHA. The stable outlook on DHA reflects that on Australia and our expectation that DHA will remain the government's primary provider of accommodation for ADF personnel. We revised the outlook on DHA to stable following a similar
