# Australia Credit Rating & Sovereign Risk Score

Makrognosis sovereign credit model scores Australia at 90 out of 100 as of 9 November 2026, equivalent to AA on the familiar letter scale — upper investment grade.
The score is up 0.7 points from 90 on 1 October 2026.
That places Australia 11th of the 84 economies the model scores; Russia has the highest score at 100.
Key inputs include government debt of 37.9% of GDP, a fiscal balance of −2.6% of GDP, a current account balance of −3.2% of GDP.
This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

- Source: Makrognosis sovereign credit model
- Makrognosis code: `CREDIT:AU`
- Scale: 0–100 (100 = strongest credit); grade equivalent is model-implied
- Page: https://makrognosis.robomacro.com/data/australia/credit-rating

## Score history

| Date | Score | Grade equivalent |
|---|---:|---|
| 2026-11-09 | 90.2 | AA |
| 2026-10-01 | 89.5 | AA |
| 2026-07-31 | 89.5 | AA |
| 2026-07-30 | 95.6 | AA+ |
| 2026-07-26 | 94.7 | AA+ |
| 2026-06-21 | 81.7 | A+ |
| 2026-06-18 | 88.0 | AA |

## Inputs

| Input | Value |
|---|---:|
| GDP per capita | US$24,971 |
| Real GDP growth, 5-year average | 2.9% |
| Inflation, recent average | 3.9% |
| Government debt | 37.9% of GDP |
| Fiscal balance | −2.6% of GDP |
| Current account balance | −3.2% of GDP |
| Foreign-exchange reserves | 1.6 months of imports |
| Governance (World Bank WGI composite) | 1.53 |

## API

```
GET https://makrognosis.robomacro.com/v1/credit/AU
```