Fitch maintains Australia's top AAA rating unchanged

FXStreet (Łódź) - Fitch Ratings announced on Monday its decision to keep Australia's triple-A credit rating with a stable outlook, as the country's economy is resilient to shocks due to the fact that it “rests on strong underlying economic and institutional fundamentals, including a strongly developed, high-income and flexible economy, supported by a credible policy framework and effective political and social institutions.”

Still, the agency pointed to factors, mostly related to the recent China slowdown, which could lead to a rating downgrade in the future: deterioration in external balances, large-scale problems in the banking sector or failing economic rebalancing.