Via Reuters

  • Australia's budget update in line with AAA ratings, stable outlook

More (these via Bloomberg)

  • Potential housing risks a vulnerability for Australia
  • Sees continued Australian commitment to fiscal consolidation
  • Australia meeting targets difficult with weaker nominal GDP
  • Sees Australian budget deficits for longer than projected

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Fitch have already said pretty much the same thing on the rating:

  • Australia budget outlook consistent with AAA ratings despite slight

So now we're waiting on S&P; the firm has Australia on a negative outlook

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More:

  • Australian budget update assumes lower prices for iron ore, coal
  • Australia MYEFO - Govmt sees 2016/17 deficit at A$36.5bn