Moody’s confirms Victoria’s triple-A credit rating
Moody's Investor Services has reaffirmed Victoria's triple-A credit rating, citing the State's disciplined fiscal management, financial flexibility, and sound financial performance in its analysis.
Premier Ted Baillieu said Moody's had identified some challenges ahead but noted that measures announced in last year's Budget Update would assist to overcome those challenges and assist Victoria's financial performance.
"Moody's has also identified the position of Victoria's finances relative to other states," Mr Baillieu said.
Treasurer Kim Wells said the Coalition Government had the right strategies in place to help improve Victoria's long-term financial position.
In December the Government announced efficiency measures worth $1.9 billion, reducing average expenditure growth to 3.1 per cent.
"The Coalition Government is implementing a responsible plan to return Victoria's finances to a sustainable setting and grow Victoria's economy," Mr Wells said.
Standard and Poor's reaffirmed its triple-A credit rating for Victoria in November last year.
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