Moody's ratings over an Australian coalition government are negative

Moody's ratings over the Australian economy remains a key feature in the markets and headlines of recent comments are coming out over Bloomberg and Reutures today as follows:

"Fiscal consolidation remains key Credit profile depends on fiscal implementation

Expects fiscal consolidation to remain a key policy objective of the Australian government

Indications that under a coalition government with a split senate, little agreement can be reached on fiscal consolidation and macroeconomic policy measures would be credit negative

Says Australia's credit profile will be determined by whether fiscal objectives are effectively implemented

Evidence that measures that would effectively reduce Australia's budget deficit and point to a stabilisation in government debt would support Australia's credit profile."