News Headline Summary

Moody's says Australia credit rating not affected by decision to drop surplus target for 2012/13

- Australia government debt remains low, that will not change in the foreseeable future.
- A delay of a year on returning to surplus is not really significant for Australia rating, reaffirms stable outlook.

Reaction details:

- AUD/USD is unmoved by this commentary from Moody's as offers little new perspective on Moody's view on the Australian credit rating; trades 1.0482 last (+2 pips).

Print 20:51, 20 Dec 2012 - Rating Agency comments - Source: Newswires