Australia's credit rating won't be decreased as Moody's says

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/FP
The world's leading credit rating agency Moody's said on Monday, that Australia's triple A credit rating is able to survive a contraction of country's mining industries and lower commodity prices, which will definitely hurt Australia's government budget. Iron and coal make around thirty per cent of Australia's exports, which is tightly related with China, which is also experiencing uncertainty about the domestic economy's growth.
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