S&P on Australia: Fiscal outlook still appears likely to improve

Author: Eamonn Sheridan | Category: News

S&P on Australia's MYEFO out earlier today

  • Says next six months could have significant implications for Australia's budget outlook
  • Says fiscal outlook still appears likely to improve
  • Says net debt is likely to peak at only a modestly higher level
  • Australian fiscal blowout is material, but doesn't derail the outlook
  • Australian fiscal outlook weaker than in May budget

Reuters and Bloomberg with the headlines

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S&P don't sound like they have any concerns on Australia's AAA rating.

But, I'm sure they'll let us know as soon as its about 18 months too late.


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AUD backing off ever so slightly from its high a few minutes ago

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