Subject to how June goes, Morrison could deliver a full-year budget surplus on two of the three key measures (he will likely have a deficit on an underlying cash basis), and is all but certain to move the budget into surplus this financial year on all benchmarks.
…This will likely compel S&P’s sovereign analyst KimEng Tan to consider taking the AAA rating off its “negative outlook” and restoring it to a “stable” footing, which few thought possible 12 months ago.
From the Campaign for Bank Bonds (otherwise known as Chris Joye) today:
