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Western Australia's AAA credit rating reinstated as state outperforms domestic and global peers

Summary by Ground News
S&P Global has upgraded WA's credit rating for the first time since 2013. The upgrade follows the state reporting a $5.7 billion surplus in this year's budget. Premier Mark McGowan says the rating will allow the government to fund important projects for the state's future.

3 Articles

ABC AustraliaABC Australia
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Western Australia's AAA credit rating reinstated following $5.7 billion budget surplus

Western Australia's AAA credit rating is upgraded by ratings agency S&P Global for the first time in nine years. 

·Australia
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The West AustralianThe West Australian
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WA has AAA credit rating restored after nine years

WA has won back its coveted triple-A credit rating, with global ratings agency S&P noting the State’s ‘continued budgetary outperformance compared with its domestic and global peers’.

·Australia
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WA todayWA today
Center

Iron ore riches, GST to thank as WA’s credit rating upgraded to AAA after nine years

The 2013 downgrade of WA’s credit rating from AAA was the first time it had happened since the ‘WA Inc’ era of the 1980s.

·Northbridge, Australia
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Bias Distribution

  • 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left

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WA today broke the news in Northbridge, Australia on Monday, June 27, 2022.
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