- Moody's Ratings (Moody's) reaffirms Western Australia's triple-A credit rating, the highest possible rating, with a 'stable' outlook
- Reflects strong financial management, disciplined budgeting and sustained operating surpluses over eight consecutive years
- Western Australia remains the only jurisdiction with triple-A credit ratings from both Moody's and S&PGlobal
- Moody's restored WA's triple-A credit rating in July 2023, after it was lost for nearly a decade under the previous Liberal-National Government
- Cook Labor Government's commitment to strong financial management is delivering quality services and infrastructure for Western Australians
Moody's Investors Service has today reaffirmed Western Australia's triple-A credit rating, with a stable outlook, with WA remaining the only State or Territory with triple-A credit ratings from both major agencies.
This is the highest possible credit rating and follows S&PGlobal reaffirming the State's AAA rating in September2025.
WA continues to stand apart from other jurisdictions, with its strong fiscal performance, disciplined budgeting and globally competitive economic base supporting the State's credit strength.
Despite a more challenging global environment, Moody's expects the State to maintain strong financial performance over the forward estimates, supported by economic growth, a strong labour market and resilient demand for key exports. It highlighted the State's strong governance framework, including "disciplined expenditure controls" that continue to support strong financial outcomes.
Moody's noted that Western Australia is in a "position of considerable credit strength", supported by "high fiscal flexibility", a "moderate and well-managed debt burden", "ample liquidity" and "well entrenched framework of fiscal discipline that extends beyond cyclical revenue windfall gains".
The stable outlook reflects expectations that WA will maintain its strong credit metrics, supported by ongoing fiscal discipline, prudent financial management and a resilient State economy.
The Cook Labor Government's strong financial management means it can continue to invest in quality infrastructure and essential services across the State, while providing cost-of-living relief and keeping debt under control.
As stated by Treasurer Rita Saffioti:
"Moody's reaffirmation of Western Australia's triple-A credit rating is a strong endorsement of our responsible financial management and disciplined approach to the State's finances.
"Western Australia remains the only State in the nation with triple-A credit ratings from both Moody's and S&PGlobal, reflecting the strength of our economy and financial position.
"At the same time, we are continuing to invest in what matters to Western Australians, including health, housing, cost-of-living and keeping our economy strong.
"As Moody's has recognised, our strong financial management ensures the State is well placed to manage global uncertainty and respond to future economic shocks.
"We will continue to manage the State's finances responsibly to invest in what matters and secure Western Australia's long-term prosperity."
