Australia’s long-term foreign and local currency rating has been confirmed to be AAA by DBRS Morningstar, with the economic trend said to be “stable”.
According to the global credit ratings business the country’s AAA ratings are underpinned by “considerable fundamental strengths”.
These include Australia’s diversified and “highly productive” economy, sound macroeconomic policy frameworks, and highly effective governing institutions.
“The Stable trend reflects Australia’s credit fundamentals remain very strong despite the economic and health fallout from the pandemic,” DBRS Morningstar said.
“The Australian economy has weathered the COVID-19 shock better than most other advanced economies.
“This is at…