Australia to keep Aaa ratings on strong govt finances: Moody’s

Australia’s strong government finances combined with solid banking institutions and a stable political framework mean the country is highly likely to keep its triple A ratings in the foreseeable future, ratings agency Moody’s said on Wednesday.

The resource-rich nation enjoys one of the world’s lowest ratios of gross debt to domestic product at 22.1 per cent in 2011. The United States, UK, Germany and France all have debt levels exceeding 80 per cent.

via Business feed http://www.scmp.com/business/economy/article/1082209/australia-keep-aaa-ratings-strong-govt-finances-moodys