Moody's affirms Australia's AAA rating

Treasurer Jim Chalmers has welcomed Moody's affirmation of Australia's AAA credit rating. (AAP)

Rating agency Moody's has affirmed Australia's AAA credit rating, citing Labor's productivity-enhancing reforms that focus on lifting women's participation in the workforce.

Treasurer Jim Chalmers welcomed the rating affirmation on Tuesday night, saying Australia remains one of only nine countries to hold a AAA credit rating from the three major rating agencies.