US ratings agency out with their latest look Down Under

  • AAA rating is underpinned by the economy's high income, strong institutions and effective governance
  • expects low interest rates to continue fuelling consumption growth resulting in 2016 GDP of +2.6%

Jury out on chances to regain the Ashes though.

Say Fitch:

Australia's 'AAA' rating is underpinned by the economy's high income, strong institutions and effective governance. The free-floating exchange rate, credible monetary policy framework, low public debt and growing recognition of the Australian dollar as a reserve currency allow the economy to adjust to changing economic conditions.

Aussie$ not exactly jumping for joy at 0.7490 .

Full report here