ANOTHER RATINGS AGENCY AFFIRMS AUSTRALIA'S AAA CREDIT RATING

CANBERRA, ACT, Oct. 9 -- The Treasurer of Australia issued the following media release:

The international ratings agency Fitch has just reaffirmed Australia's AAA credit rating.

This is another clear endorsement of Australia's strong economic fundamentals and this Government's responsible economic management.

All three major international credit ratings have now affirmed Australia's AAA credit rating since the Budget, with Moody's and S&P confirming this in the last twomonths as well.

Fitch praised the Government's efforts to reduce the budget deficit, including putting the NDIS on a more sustainable footing, and noted Australia's growth outlook 'exceeds the growth outlook for 'AAA'‑rated peers'.

Australia remains one of only nin...