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    S&P: Could lower Australian rating if election, budget gridlock continues

    In its latest note published on Monday, the US ratings agency, Standard & Poor’s (S&P) warns that they may downgrade the Australian rating in wake of the Australian election and fiscal outlook.Key Points:Inconclusive election result clouds the fiscal outlookAn improving budget balance is important to Australia's ratingS&P outlook is based on conservative budget policiesLower Australian rating if parliament gridlock continuesLower Australian rating if budget gridlock continues

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