Fitch: Australia budget outlook consistent with AAA rating

Over the past few months, commentators have repeatedly warned that Australia no longer acts like a AAA country.

Ratings agencies and experts have expressed concerns regarding the country’s worsening deficits.  

However, the latest comments from the ratings agency Fitch may offer relief to Aussie bulls. In its latest report, Fitch has said the budget outlook is still consistent with AAA ratings… despite slight deterioration.