SYDNEY, May 17 (Reuters) - S&P affirmed Australia's coveted triple-A rating on Wednesday, citing low government debt and a "wealthy and resilient economy" although concerns about the government's ability to return to a budget surplus remains.
The Australian government last week pledged to deliver a small surplus in 2020/21, ending more than a decade of deficits that have threatened its top-notch credit rating. rating outlook remains negative, reflecting risks to the government's fiscal consolidation plan and risks to the economic, fiscal, and financial stability outlook should the rapid growth of credit and house prices continue," S&P said in a statement.
Last week, both Moody's and Fitch welcomed the Australian government's economic blueprint, adding the budget had no major impact on the country's ratings. is one of only 10 nations in the world with a AAA credit rating from the top three agencies.