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    15.03.2016 15:56 Fitch affirms Australia’s sovereign debt rating at 'AAA'

    Rating agency Fitch Ratings affirmed Australia's sovereign debt rating at 'AAA'. The outlook is 'stable'.

     

    The agency noted that Australia's rating was supported by "the economy's high income, strong institutions and effective governance".

     

    "The free-floating exchange rate, credible monetary policy framework, low public debt and growing recognition of the Australian dollar as a reserve currency allow the economy to adjust to changing economic conditions," Fitch added.


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