11 July 2023

Moody's upgrades Western Australia to Aaa credit rating

Moody's Investors Service has today upgraded Western Australia's credit rating to Aaa, with a 'stable' outlook, highlighting Western Australia's strong financial management.

This follows a similar upgrade by S&P Global in June 2022, meaning WA is now the only State or Territory with a triple-A credit rating from both major international ratings agencies, and one of a very small number of jurisdictions globally with such a rating.

For more information on this update, view the media statement released by the Western Australian Government.

Image - Aerial photo of Elizabeth Quay. Image courtesy of Tourism Western Australia.