Ratings agency Moody's says the latest economic update from the federal government is consistent with maintaining a triple-A rating on the Australian economy.
Moody's says the downward revisions for economic growth in the mid-year economic and fiscal outlook (MYEFO) on Monday are now in line with its own forecasts.
Despite expecting budget deficits to be larger and longer-lasting than forecast in MYEFO, Moody's said the ability of the economy's resilience and the "vigilence" of policymakers would maintain Australia's triple-A credit rating.
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