Fitch has upgraded Australia's long-term foreign currency issuer default rating to AAA from AA+ with a stable outlook. The upgrade reflected the country's "fundamental credit strengths, including its high value-added economy, strong political, civil and social institutions and its flexible policy framework," the ratings firm said.
November 29, 2011
Fitch ups Australia sovereign credit rating to AAA
Fitch has upgraded Australia's long-term foreign currency issuer default rating to AAA from AA+ with a stable outlook. The upgrade reflected the country's "fundamental credit strengths, including its high value-added economy, strong political, civil and social institutions and its flexible policy framework," the ratings firm said.
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