Australia with the rock-solid rating
Australia was upgraded to AAA by Fitch in 2002 and has held the rating ever since.
- Fitch expects +3.3% GDP in 2018
- 2.8% GDP in 2019
- 2.7% in 2020
"Australia's fiscal position strengthened over the past year, bolstered by a cyclical upswing in revenue and sustained spending restraint under the government's budget repair strategy. The general government (federal, state, and local) deficit narrowed to an estimated 1.2% of GDP in the fiscal year ending June 2018 (FY18), from 2.4% in FY17. Consolidation will continue, but at a more modest pace, with the general government deficit falling to 0.4% of GDP by FY20."
