SYDNEY May 9 Australia's budget has no major
impact on the country's triple A ratings with stable outlook,
said ratings agency Fitch on Tuesday after the government
unveiled its 2017/18 budget.
"The budget itself does not change our assessment made in
September when we affirmed the country's triple A ratings," said
Mervyn Tang, director, Asia-Pacific Sovereigns at Fitch.
He noted that the budget's new revenue measures implied a
faster reduction in general government deficit than Fitch had
projected in its September ratings review.
(Reporting by Cecile Lefort; Editing by Simon Cameron-Moore)