Australian Treasurer Toasts Retained AAA Credit Score

Federal treasurer Josh Frydenberg delivers his budget address at National Press Club in Canberra, Australia, on April 3, 2019. Tracey Nearmy/Getty Images

Treasurer Josh Frydenberg has played up the federal government’s economic efforts after a global ratings agency reaffirmed Australia’s top ranking.

Moody’s Investors Service has followed Standard & Poor’s and Fitch Ratings in confirming the AAA credit rating.