Moody’s downgrades WA’s credit rating

08 February 2016

 

Moody’s Investor Services has downgraded the credit rating of Western Australian Treasury Corporation – the borrowing authority of the Western Australia government - from Aa1 to Aa2. The outlook is stable. Western Australia is a resource rich state that has been hit hard by huge falls in commodity prices that have seen state revenues cut dramatically. The government has been accused of spending the riches from the resources boom that...

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