Rating agency Fitch, says “Australia’s AAA rating reflects the country’s high income levels, strong governance and effective policymaking institutions.”

• Fitch sees gross general government debt peaking at slightly higher level than September projections
• Fitch sees Austraial real GBP to expand by 2.8 percent in 2017 and 2.7 percent in 2018
• Long-term foreign and local currency issuer default ratings affirmed