# Australia sovereign credit rating status

> Live situation record from CLSTR: https://clstr.news/situations/australia-sovereign-credit-rating-status
> Updated: 2026-08-14T18:59:00.000Z. Sources: 13. Developments: 2.

S&P Global reaffirmed Australia’s triple-A sovereign credit rating, citing a strengthened federal budget driven by tax reforms and spending cuts. These measures, including changes to property investor taxes and capital gains, are projected to raise significant revenue and provide long-term savings. 

While the agency noted a widening deficit and projected net debt, it maintained that Australia’s debt levels remain modest and fiscal metrics are solid. However, S&P warned that high interest rates could lead to contracting consumer spending and slower economic growth in the 2026/27 financial year.

## Timeline

### 2026-08-14: United Kingdom credit rating affirmed at AA- by Fitch

Fitch Ratings has affirmed the United Kingdom’s long-term credit rating at ‘AA-’ with a stable outlook, citing a diversified economy despite high debt and moderate growth forecasts.

11 sources. https://clstr.news/cluster/fitch-ratings-affirms-us-credit-rating-at-aa

### 2026-08-06: Australia's AAA Credit Rating Retained as Tax Reforms Boost Fiscal Outlook

S&P Global reaffirmed Australia’s AAA rating, citing tax reforms, NDIS savings and solid fiscal metrics despite a AU$31.5 bn deficit, calling it a strong endorsement of the budget.

2 sources. https://clstr.news/cluster/australias-aaa-credit-rating-retained-as-tax-reforms-boost-fiscal-outlook

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Cite as: Australia sovereign credit rating status. CLSTR, https://clstr.news/situations/australia-sovereign-credit-rating-status