The ratings agencies pass judgement on the Aussie budget

  • Budget is similar to prior updates
  • It is comfortable looking at the overall government debt
  • Measures on Aussie revenue and spending are relatively small
  • We continue to see very high fiscal strength for Aus
  • Removing the zombie budget measures is positive
  • There's nothing particularly worrying about the budget

Fitch says they are taking more time to asses the broader Aussie budget impact.