‘AAA’ credit rating cites Australia’s women’s workforce participation policy

By Melissa Coade

June 29, 2022

Jim Chalmers
Treasurer Jim Chalmers. (AAP Image/Lukas Coch)

Jim Chalmers has announced Australia’s credit rating has been affirmed by Moody’s.

Australia continues to be among only nine other countries to receive the ‘AAA’ rating from one of the three major ratings agencies.

The treasurer issued a statement on Wednesday noting the credit rating reflected the government’s focus on ‘quality spending to generate broader, more inclusive and more sustainable economic growth’. He said Labor would continue to work hard to implement its economic plan.

“We welcome Moody’s decision to reaffirm Australia’s AAA credit rating, as we work to build a Budget and an economy as resilient, robust and forward-looking as the Australian people,” Chalmers said. 

Australia was led by a Labor government when the nation received its first ‘AAA’ rating, the treasurer said. 

In its rating statement, Moodys cited federal productivity enhancing reforms to lift women’s workforce participation with more support for child care and gender pay equity, investment in skills and training, infrastructure, innovation and cleaner and cheaper energy.

“[The government has to] address the serious challenges we have inherited – including high and rising inflation, rising interest rates, falling real wages and a budget heaving with a trillion dollars of Liberal debt,” Chalmers added.

“We welcome Moody’s decision to reaffirm Australia’s ‘AAA’ credit rating, as we work to build a budget and an economy as resilient, robust and forward-looking as the Australian people.”


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