Fitch Affirms Australia At ‘AAA’; Outlook Stable
Fitch Affirms Australia At ‘AAA’; Outlook Stable
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Fitch Affirms Australia At ‘AAA’; Outlook Stable
Fitch affirmed Australia’s long-term issuer default rating at AAA and kept the outlook stable. It also affirmed the country’s short-term and local-currency ratings.
Fitch affirmed Australia's long-term foreign-currency issuer default rating at AAA and kept the outlook stable. The agency cited strong institutions, a wealthy economy and policy credibility, while noting higher debt and borrowing costs than AAA peers.
Fitch affirmed Brazoria County, Texas ratings at AAA and kept the outlook stable, including the county's $150 million toll revenue bonds. The agency said identified physical climate risks do not materially affect the county's credit profile over the rating horizon.