![Scott Morrison says Standard & Poor's outlook reaffirms his government's approach to budget restraint.](/web/20160707043621im_/http://www.canberratimes.com.au/content/dam/images/g/p/z/c/n/8/image.related.wideLandscape.460x259.gq0g4t.png/1467865801284.jpg)
Federal election 2016: Standard and Poor's puts Australia's AAA credit rating on negative outlook
Ratings agency Standard & Poor's has cut the outlook on Australia's coveted AAA credit rating to negative after an unresolved federal election result and high levels of debt.