CANBERRA, ACT, Aug. 18 -- The Treasurer of Australia issued the following media release:
The international ratings agency Moody's has reaffirmed Australia's AAA credit rating.
This is another welcome endorsement of the Government's responsible economic management.
The Moody's report says, "debt ratios at the Commonwealth level remain low".
It found the Government's fiscal policy has been "adaptive, reflected in the consolidation of pandemic‑era deficits into nearly balanced budgets over a short span of time."
Moody's says the Government's fiscal strategy is, "supported by expenditure reforms and a record of conservative budgeting."
This is just the latest ratings agency to endorse our economic management with S&PGlobal also reaf...