S&P says coronavirus outbreak will cut 0.5% from Australia's real GDP growth in 2020

The ratings agency a bit downbeat on Australia's GDP, but on the bright side:

• S&P says economic impact of coronavirus unlikely to negatively affect Australia's sovereign rating
• says short, temporary delay in balancing government budget unlikely to strain Australia's creditworthiness

Fitch had comments on the virus earlier also:

• Fitch is on the lookout for coronavirus economic impacts - on trade, ports, output & more