Australia’s budget highlights credit-positive growth recovery – Fitch

Early Thursday in Asia, the global rating agency Fitch praised the Australian Budget, announced earlier in the week.

“Australia’s budget, presented by the government on 11 May, confirms that the recent strong economic and labor market recovery has resulted in an improvement in public finances, which may help to reduce downside risks to the country’s ‘AAA’ rating provided the recovery remains on track,” said the rating giant.

More to come...