By guest contributor Ken Atchison, Principal, Atchison Consultants
The recent declaration of a state of disaster by the Victorian Government has extended the coronavirus crisis. A health crisis generated an economic crisis. The second shutdown then generated a financial crisis for Victoria. Victoria has a “AAA” credit rating from Standard & Poor’s and a “Aaa” rating from Moody’s. A coveted AAA/Aaa rating has ensured that interest rates payable on Victorian Government debt are the most favourable available...