Stand and Poors rating agency weighing in.

  • change of government in Australia has no impact on its sovereign rating
  • Australia's debt levels aren't a threat right now


The Australian election over the weekend produced a landslide loss for the incumbent government, with a huge reduction in seats in parliament, but not a landslide win for the opposition. The opposition will form a government but its still in doubt if it'll form a majority government or in coalition with Greens/independents.

14 seats still to be declared:

Australian election update seats 23 May 2022