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
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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:
