May 16 (Reuters) - Moody's:
* MOODY'S SAYS AUSTRALIA'S FY2019 BUDGET SHOWS GOVERNMENT'S COMMITMENT TO FISCAL CONSOLIDATION
* MOODY'S- AUSTRALIA'S BUDGET FOR FY 2019 HIGHLIGHTS COMMONWEALTH GOVERNMENT'S CONTINUED COMMITMENT TO FISCAL CONSOLIDATION, SOME CHALLENGES ARE ALSO APPARENT
* MOODY'S- FURTHER BELIEVES THAT BUDGET UNDERSCORES AUSTRALIA'S FISCAL STRENGTH, WHICH IS A KEY SUPPORT FOR THE SOVEREIGN'S CREDIT PROFILE