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
