"Reliable long-term fiscal consolidation strategy remains a key factor for the sovereign rating of Australia, - noted Fitch's. It remains to be seen whether the financial outlook was changed due to a new balance of power in parliament."

"The lack of a strong electoral mandate can also exacerbate internal politics within the major parties and act as an additional source of political uncertainty. Potential internal political constraints on policy occur at a time when the economy is facing heightened risks."