– S&P (in webcast) says to have a close look at Australia’s government mid-year fiscal update in December and next year’s budget
– Says unlikely Australia’s local currency rating to stay at triple-a if foreign currency rating is cut
OK, so there’s a timeline from S&P – they will be assessing the MYEFO (the mid year fiscal outlook), that’ll happen in December. And then they’ll assess the budget (May of 2017)