Via Reuters
- Australia's budget update in line with AAA ratings, stable outlook
More (these via Bloomberg)
- Potential housing risks a vulnerability for Australia
- Sees continued Australian commitment to fiscal consolidation
- Australia meeting targets difficult with weaker nominal GDP
- Sees Australian budget deficits for longer than projected
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Fitch have already said pretty much the same thing on the rating:
- Australia budget outlook consistent with AAA ratings despite slight
So now we're waiting on S&P; the firm has Australia on a negative outlook
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More:
- Australian budget update assumes lower prices for iron ore, coal
- Australia MYEFO - Govmt sees 2016/17 deficit at A$36.5bn