Ratings agency Moody\u2019s has given the NSW Government\u2019s strong financial and economic management the seal of approval by re-affirming the State\u2019s Triple-A credit rating.
\nMoody\u2019s latest credit opinion report states the Triple-A rating reflects \u201cour expectation that the State’s large and diverse economy will continue to perform well, and that the State’s debt burden and interest expense coverage will remain manageable over the medium term.\u201d
\nTreasurer Dominic Perrottet said the Triple-A credit rating reflected the underlying health of the NSW economy and sound financial management.
\n\u201cMaintaining the highest possible credit rating allows the Government to deliver our record breaking $93 billion infrastructure program and spend more on health, education and transport at the lowest possible cost,\u201d Mr Perrottet said.
\n\u201cWe are building new hospitals, schools, train lines and roads for the people of NSW as we get on with the job of delivering the biggest infrastructure pipeline in the State\u2019s history.
\n\u201cThe biggest threat to our economy is the Labor party, which hasn\u2019t learnt the lessons of both state and federal elections and continues to put forward policies that will destroy jobs, businesses and local communities.\u201d
\nThe Moody\u2019s report also noted the establishment of the NSW Generations Fund and its important role in managing debt, the State\u2019s strong liquidity, and the NSW Government\u2019s ongoing contribution towards reducing the State\u2019s unfunded superannuation liability in line with the Fiscal Responsibility Act 2012 target.
\nStandard & Poor\u2019s rating agency also assigned the NSW Government a Triple-A rating in September last year.
\nNSW is one of only two states in Australia assigned a Triple-A rating \u2013 the highest possible measure of safety for lenders to Government entities such as TCorp and state-owned corporations.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ratings agency Moody\u2019s has given the NSW Government\u2019s strong financial and economic management the seal of approval by re-affirming the State\u2019s Triple-A credit rating. Moody\u2019s latest credit opinion report states the Triple-A rating reflects \u201cour expectation that the State’s large and diverse economy will continue to perform well, and that the State’s debt burden and … Continue reading “TRIPLE-A RATING REAFFIRMED FOR NSW”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3680","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/3680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=3680"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/3680\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=3680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=3680"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=3680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}