The Azerbaijan State News Agency

Azerbaijani, Uzbekistan`s deposit institutions sign memorandum on bilateral cooperation
Video on Patriotic War shared on President Ilham Aliyev's social media accounts VIDEO
Parviz Shahbazov: More than 1.1 million tonnes of oil supplied to Vietnam since 2023
President Ilham Aliyev received newly appointed Georgian ambassador to Azerbaijan VIDEO
Caspian Construction Week highlights youth involvement in Garabagh’s revival
Baku hosted 7th CICA Summit
President Ilham Aliyev addressed the event VIDEO
President Ilham Aliyev’s social media accounts shared video on 7th CICA Summit VIDEO
President Ilham Aliyev met with Amir of Qatar VIDEO
President Ilham Aliyev received Türkiye’s Minister of Foreign Affairs VIDEO
Sports-FIFA postpones FIFAe Finals in Saudi Arabia following attacks
President: Peace remains fragile and must be protected and strengthened
President Ilham Aliyev: Wars will continue until mechanisms are developed to ensure implementation of UN Security Council resolutions
President: Azerbaijan actively opposes harmful practice of applying double standards in resolving inter-state conflicts
President Ilham Aliyev: Azerbaijan plays an increasingly important role as a connecting hub in the Eurasian space
Laos accedes to CICA

WORLD

Fitch upgrades Australia`s credit rating

29.11.2011 [16:09]
Print
A⁺ A^-

Baku, November 29 (AZERTAC).US credit ratings agency Fitch has upgraded Australia`s key credit rating to AAA from AA+.

It is one of just 15 countries to hold the rating.

The long-term foreign-currency issuer default rating shows Australia`s ability to repay foreign debt and is used to compare between different countries.

Fitch also says its outlook for Australia was "stable".

The profile reflects Australia`s fundamental credit strengths including its "high value-added economy" and "flexible policy framework", said Fitch Asia Sovereign ratings group director Art Woo.

"The combination of low public debt, a freely floating exchange rate, a credible inflation target framework, and liberal trade and labor markets provides Australian authorities the flexibility to run strong counter-cyclical fiscal and monetary policies during both economic downturns and upturns," Mr. Woo said.

Fitch says achieving a budget surplus and improving net financial worth would bolster the outlook for Australia`s credit rating.

Follow us on social network

Other news in this section

Ethiopia's Abiy names new Tigray government, wants polls in six months

16.10.2026 [20:18]

Ethiopia's Abiy names new Tigray government, wants polls in six months

Incredible ‘seal’s eye view’ image wins this year’s OurNature Environmental Photo & Video Award

16.10.2026 [19:20]

Incredible ‘seal’s eye view’ image wins this year’s OurNature Environmental Photo & Video Award

Japan police to study GPS monitoring of stalkers

16.10.2026 [19:05]

Japan police to study GPS monitoring of stalkers

Italy and Spain move to end border dispute after Meloni-Sánchez talks

16.10.2026 [18:52]

Italy and Spain move to end border dispute after Meloni-Sánchez talks

China completes world's third robotic arm-assisted heart transplant

16.10.2026 [16:32]

China completes world's third robotic arm-assisted heart transplant

Two more canals in Uzbekistan added to the World Heritage Irrigation Structures list

16.10.2026 [16:15]

Two more canals in Uzbekistan added to the World Heritage Irrigation Structures list

Pakistan, US discuss economic reforms, external financing

16.10.2026 [15:44]

Pakistan, US discuss economic reforms, external financing

Tourism Minister: Bulgarian food, wine key to tourism growth

16.10.2026 [15:18]

Tourism Minister: Bulgarian food, wine key to tourism growth

At least 12 dead after migrant boat incident off Gambia

16.10.2026 [14:45]

At least 12 dead after migrant boat incident off Gambia