Moody's says Australia's budget a positive for fiscal outlook

Reacting to the Liberal-National government's 2018/19 budget, Moody's said Australia's current triple-A sovereign rating continues to reflect its strong institutions, solid growth potential and resilience.

However, a risk remains that the expectations for commodity prices are optimistic and uncertainty persists on whether wages growth will pick up significantly enough to support revenues, Moody's said in a statement.