Moody’s:

  • Australian government financial strength high vs. most Aaa countries
  • Australia has very high economic resiliency
  • Australia growth healthy despite the end of the mining investment boom
  • Australia housing a potential banking risk, not major
  • Australia fiscal consolidation pace remains uncertain
  • Australia fiscal consolidation pace remains uncertain
  • Considerable Australian budget deficit cut still likely

Moody’s comments reported as headlines on Bloomberg