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Australia: Fitch Affirms Australia at 'AA+'; Outlook Stable.
Section: Rating - Fitch Ratings has today (December 5, 2010) affirmed Australia's foreign currency Long-term Issuer Default Rating (IDR) at 'AA+' and local currency Long-term IDR at 'AAA'. The Outlooks on both Ratings are Stable. The agency has also affirmed Australia's Short-term foreign currency IDR at 'F1+' and Country Ceiling at 'AAA'.
"Australia's ratings are supported by strong public finances that are in turn underpinned by: long-standing fiscal prudence; a relatively robust recent macroeconomic performance, in part reflecting the authorities' ability to implement discretionary policy stimulus; and some of the strongest public institutions and governance among …
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