Standard & Poor's credit rating for Australia stands at AAA with stable outlook. Moody's credit rating for Australia was last set at Aaa with stable outlook. Fitch's credit rating for Australia was last reported at AAA with stable outlook. DBRS's credit rating for Australia is AAA with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Australia thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Australia as reported by major credit rating agencies.



AgencyRatingOutlookDate
TE100 Negative Sep 21 2018
TE100 Negative Sep 21 2018
S&PAAA Stable Sep 21 2018
TE100 Negative Sep 21 2018
TE100 Stable Jul 06 2016
TE100 Stable Jul 06 2016
S&PAAA Negative Jul 06 2016
TE100 Stable Jul 06 2016
TE100 Stable Apr 16 2016
TE100 Stable Apr 16 2016
TE97 Stable Apr 16 2016
TE100 Stable Apr 16 2016
TE100 Stable Jul 31 2014
DBRSAAA Stable Jul 31 2014
TE100 Stable Jul 31 2014
TE100 Stable Jul 31 2014
TE100 Stable Apr 22 2014
TE100 Stable Apr 22 2014
TE100 Stable Apr 22 2014
TE100 Stable Mar 21 2014
TE100 Stable Mar 21 2014
TE100 Stable Mar 21 2014
TE100 Stable Oct 15 2013
TE100 Stable Oct 15 2013
TE100 Stable Oct 15 2013
TE100 Stable Jul 18 2013
TE100 Stable Jul 18 2013
TE100 Stable Jul 18 2013
TE100 Stable Jun 10 2013
TE100 Stable Jun 10 2013
TE100 Stable Jun 10 2013
FitchAAA Stable Nov 28 2011
TE98 Stable Nov 28 2011
TE98 Stable Nov 28 2011
TE98 Stable Nov 28 2011
TE98 Stable Aug 05 2011
TE98 Stable Aug 05 2011
TE98 Stable Aug 05 2011
TE98 Stable Aug 02 2011
TE98 Stable Aug 02 2011
TE98 Stable Aug 02 2011
TE98 Stable Jul 14 2011
TE98 Stable Jul 14 2011
TE98 Stable Jul 14 2011
TE98 Stable Jul 13 2011
TE98 Stable Jul 13 2011
TE98 Stable Jul 13 2011
TE98 Stable Apr 18 2011
TE98 Stable Apr 18 2011
TE98 Stable Apr 18 2011
TE96 Stable Feb 16 2003
TE96 Stable Feb 16 2003
S&PAAA Stable Feb 16 2003
TE96 Stable Feb 16 2003
FitchAA+ Stable Feb 03 2003
TE95 Stable Feb 03 2003
TE95 Stable Feb 03 2003
TE95 Stable Feb 03 2003
Moody'sAaa Stable Oct 20 2002
TE91 Stable Oct 20 2002
TE91 Stable Oct 20 2002
TE91 Stable Oct 20 2002
TE91 Stable Sep 21 2000
TE91 Stable Sep 21 2000
FitchAA Stable Sep 21 2000
TE91 Stable Sep 21 2000
S&PAA+ Stable May 17 1999
TE90 Positive May 17 1999
TE90 Positive May 17 1999
TE90 Positive May 17 1999
TE90 Positive Nov 19 1998
TE90 Positive Nov 19 1998
FitchAA N/A Nov 19 1998
TE90 Positive Nov 19 1998
FitchAA Negative Watch Jun 18 1998
TE90 Positive Jun 18 1998
TE90 Positive Jun 18 1998
TE90 Positive Jun 18 1998
TE90 Stable Aug 21 1996
TE90 Stable Aug 21 1996
S&PAA Positive Aug 21 1996
TE90 Stable Aug 21 1996
TE90 Stable Apr 01 1996
TE90 Stable Apr 01 1996
TE90 Stable Apr 01 1996
TE90 Stable Jan 25 1996
TE90 Stable Jan 25 1996
FitchAA N/A Jan 25 1996
TE90 Stable Jan 25 1996
TE90 Stable Nov 13 1995
TE90 Stable Nov 13 1995
TE90 Stable Nov 13 1995
TE90 Stable Aug 10 1994
TE90 Stable Aug 10 1994
TE90 Stable Aug 10 1994
S&PAA Stable Sep 03 1993
TE90 Negative Sep 03 1993
TE90 Negative Sep 03 1993
TE90 Negative Sep 03 1993
TE92 Negative Oct 24 1989


 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB+ 60
B- B3 B 28
B B2 B B 31
B1 B+ 35
BBB+ BBB- 60
AAA Aaa AAA AAA 100
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 50
BB+ Baa3 52
B+ B2 BB- 36
BB- Ba3 BB- 40
SD Caa3 15
B B3 B 26
AA Aa3 AA- AA (high) 88
B- B3 20
B+ N/A 30
A+ A2 N/A 78
BB- Ba3 BB- 41
B B3 28
A- A2 72
BB- Ba2 BB- BB (low) 42
BBB- Baa2 BBB 58
B 25
N/A B2 30
B B2 B 30
AAA Aaa AAA AAA 99
B B 30
Aa3 85
A+ A1 A N/A 80
A+ A1 A+ A (high) 81
BBB- Baa2 BBB BBB 58
CCC+ B3 22
BB- Ba2 BB 43
BB+ Ba2 BB+ 48
Caa2 15
BBB- Ba2 BBB- BB 48
AA- A1 AA- 81
AAA Aaa AAA AAA 100
BB- Ba3 BB- 38
B- B3 B- 26
B B3 B 28
CCC+ B3 B- 21
AA- A1 AA- AA (low) 81
B B1 B 31
AA Aaa AAA AAA 98
B+ Ba3 35
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AAA 92
N/A Caa1 B 26
BB- Ba2 BB- 41
AAA Aaa AAA AAA 100
B B3 B 26
B+ B3 BB- B (high) 30
SD
BB- Ba1 BB 46
BB- B1 35
AA+ Aa2 AA+ 95
BBB- Baa3 BBB- 55
A A3 A 73
BBB- Baa2 BBB- BBB 56
BBB- Baa2 BBB 56
B- Caa1 B- 25
A+ A2 A+ A (high) 76
N/A Aa2 92
AA- A1 A+ 80
BBB Baa3 BBB BBB (high) 62
Ba3 B+ 38
B B3 B 28
A+ A1 A A 77
B+ B1 37
BBB- Baa3 BBB 56
B+ B2 B+ 35
AA Aa2 AA 90
NR B2 30
A A3 A- A (low) 70
B- B3 B- 28
B+ 35
AAA 100
A A3 A- A (low) 71
AAA Aaa AAA AAA 100
Aa3 AA 85
BB- BB 42
A- A3 A- 70
B2 B+ 32
A- A3 A+ A (high) 73
Baa1 65
BBB+ A3 BBB+ BBB (high) 65
B3 25
B B3 B 26
B+ B1 35
BBB- 55
BBB- Ba1 BBB- 53
SD Caa3 RD 12
Ba1 BB+ 52
AAA Aaa AAA AAA 100
AA Aaa AA 93
B- B2 B 30
B B2 B+ 31
AAA Aaa AAA AAA 99
BB Baa3 BBB- 53
B B3 B 28
BBB Baa2 BBB 60
B B2 32
BB Ba1 BB 46
BBB+ A3 BBB+ N/A 65
BBB Baa2 BBB 60
A- A2 A- A 71
BBB- Baa3 BBB BBB 56
D 0
AA- Aa3 AA- 85
B- Caa2 CC 23
BBB- Baa3 BBB- 55
BBB- Ba1 BBB- 51
B B2 B+ 31
BBB- 55
A- A1 A+ 78
B+ Ba3 37
BB Ba3 BB 38
BB- 40
AAA Aaa AAA AAA 98
A+ A2 A+ A (high) 78
A+ Baa1 A- A 72
B3 25
BB Baa3 BB+ 50
AA Aa2 AA- 86
A- Baa1 A- A 68
B+ B1 B+ 35
B3 25
B B2 B- 28
B2
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA- Aa3 AA- 83
B- B3
B1
BBB+ Baa1 BBB+ 65
BBB+ Ba1 57
N/A B2 B+ 35
B+ Ba3 BB BB (high) 43
B B2 B+ 33
B- Caa2 B- 20
AA Aa2 AA 90
AA Aa2 AA AAA 93
AA+ Aaa AAA AAA 98
BBB Baa2 BBB- BBB (low) 55
SD C RD 12
BB- Ba3 BB 40
B- Caa1 B- 34


Ratings

TE S&P Moody's Fitch DBRS Description
100 AAA Aaa AAA AAA Prime
95 AA+ Aa1 AA+ AA (high) High grade
90 AA Aa2 AA AA
85 AA- Aa3 AA- AA (low)
80 A+ A1 A+ A (high) Upper medium grade
75 A A2 A A
70 A- A3 A- A (low)
65 BBB+ Baa1 BBB+ BBB (high) Lower medium grade
60 BBB Baa2 BBB BBB
55 BBB- Baa3 BBB- BBB (low)
50 BB+ Ba1 BB+ BB (high) Non-investment grade
speculative
45 BB Ba2 BB BB
40 BB- Ba3 BB- BB (low)
35 B+ B1 B+ B (high) Highly speculative
30 B B2 B B
25 B- B3 B- B (low)
20 CCC+ Caa1 CCC CCC (high) Substantial risks
15 CCC Caa2 CCC Extremely speculative
10 CCC- Caa3 CCC (low) In default with little
prospect for recovery
  CC Ca CC
5 C C C
0 D / DDD   In default
/ DD D
D
Standard & Poor, Moody's, Fitch and DBRS' sovereign debt credit rating is displayed above. In addition, the Trading Economics (TE) credit rating is shown scoring the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com


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Australia - Credit Rating