Moody's affirms Australia's AAA credit rating

Australia is one of just 10 countries to retain its AAA credit rating through the coronavirus-induced global recession, after Moody's Investors Service affirmed the pristine rating and maintained its stable outlook for government finances.

Moody's said on Tuesday night that Australia's AAA stable credit rating reflected the economy's strengths and good governance, including health management, that will support the country's resilience in response to the coronavirus pandemic.