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Late on Tuesday (AEST) Moody's noted......>

AUSTRALIA
AUSTRALIA: Late on Tuesday (AEST) Moody's noted that "that the state of South
Australia's fiscal 2019 budget for the year ending 30 June 2019 -- released on 4
September 2018 -- reflects solid revenue growth, offset by increased
infrastructure spending as the state looks to deliver its pre-election spending
commitments. Furthermore, a return to fiscal surplus is not expected during the
budget period to fiscal 2022 -- a credit negative."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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