Aug 23 (Reuters) - Moody's -
* Australia's government debt to rise, but will stay moderate relative to other Aaa-rated sovereigns
* Australia's credit profile reflects its very high economic, institutional and fiscal strength, but the country faces latent event risks.
* Australia exposed to two main types of shocks; high and rising household debt and the economy's long-standing dependence on external financing
* Australian government's general debt burden will rise to 42% of GDP in fiscal 2018 (12 months ending 30 June 2018) from 36.1% in fiscal 2015
* Australia's debt burden will remain moderate relative to other Aaa-rated sovereigns, and its debt affordability is very strong
* Australia's high, rising household debt exposes it to potential downturn in housing market that could significantly weigh on GDP growth
* Australia's dependence on external financing exposes it to shift in foreign investors' assessment of attractiveness of Australian assets