S&P confirmed that Australia's long-term foreign currency debt rating is AAA, the outlook is stable, and confirmed that Australia's short-term sovereign credit rating is “A-1+.” S&P said that Australia plans to raise real estate taxes and take savings measures, which should help ease the growing pressure on structural spending. Australia's ratings benefit from its sound institutional framework and sound fiscal indicators, an affluent and diversified economy, and a flexible monetary policy. The level of external debt is high, but it is gradually improving. The stable outlook for long-term ratings reflects our expectation that the government deficit and net debt will remain moderate for the next two years.

S&P confirmed that Australia's long-term foreign currency debt rating is AAA, the outlook is stable, and confirmed that Australia's short-term sovereign credit rating is “A-1+.” S&P said that Australia plans to raise real estate taxes and take savings measures, which should help ease the growing pressure on structural spending. Australia's ratings benefit from its sound institutional framework and sound fiscal indicators, an affluent and diversified economy, and a flexible monetary policy. The level of external debt is high, but it is gradually improving. The stable outlook for long-term ratings reflects our expectation that the government deficit and net debt will remain moderate for the next two years.