Moody's: Australian economy will stay resilient, but subdued

Moody's rating agency has published its latest report on Australia, titled "Australia Credit: Subdued Commodities Prices and External Vulnerabilities Constrain Credit Profile", noting that the economy will stay resilient, but subdued given that commodity prices are starting to challenge some sectors of the economy and some states.

Headlines

Credit fundamentals remain robust

Moderate gearing in the corporate sector

A resilient banking sector

Sound macroeconomic trends all providing support