Moody's Investors Service ("Moody's") has today affirmed Australia's Aaa long-term issuer and senior unsecured ratings. The outlook remains stable. The factors supporting the rating affirmation include: 1. Robust and stable GDP growth and strong growth potential relative to peers, denoting very high resilience to economic shocks; 2. A moderate, albeit modestly rising, general government debt burden; 3. Strong institutions that preserve macroeconomic and financial stability, although fragmentation in political representation is a hurdle to more effective fiscal consolidation. The stable outlook on ... (full story)