oz banks could trigger a property crash, page-9

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    Reuters Published 12:36 PM, 2 Aug 2010

    Australia's strong institutions and low government debt levels mean the country is highly likely to keep its valued triple-A rating for years to come, a Moody's analyst said.

    Steven Hess, a New York-based senior credit analyst for Moody's, said it would be very hard for Australia to loose its top-notch rating given the nation's track record.

    "Strictly looking at the government finances, Australia has no problem at all ... and we are confident [whomever is elected] is not going to go wild with public spending," he said.

 
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