Smelly aquatic rodent (7)

I believe the answer is:

muskrat

(Other definitions for muskrat that I've seen before include "Vole-like creature" , "Rodent valued for its fur" , "North American water rodent - ark must (anag)" , "Large aquatic rodent" , "Rodent prized for its fur" .)

I've seen this clue in the Sydney Morning Herald.

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