- Moody's Investors Service reaffirms Western Australia's triple-A credit rating, with a stable outlook
- WA remains the only Australian state or territory with a tripleA credit rating from both S&P Global and Moody's Investors Service, and one of the few jurisdictions globally
- Follows S&P Global confirming WA's triple-A credit rating with a 'stable' outlook in September
- Moody's restored WA's triple-A credit rating in July2023, after it was lost for nearly a decade under the previous LiberalNational Government
- Cook Government's commitment to strong financial management is delivering quality services and infrastructure for Western Australians
Moody's Investors Service has reaffirmed Western Australia's AAA credit rating as the Cook Government's strong financial management continues to deliver nation-leading results.
Following a review, Moody's announced its continued support for WA's triple-A credit rating with a 'stable' outlook on Wednesday.
Moody's highlighted the State Government's strong track record of financial management, commenting that WA's credit rating would be "sustained by robust expenditure controls and budgeting protocols", which had led to "significant improvements in the State's financial metrics in recent years."
Moody's also noted that the State would fund the majority of its record $38 billion infrastructure investment over the next four years from cash reserves and operating surpluses, without significantly increasing the State's debt burden - in stark contrast to other states.
The State Government's strong financial management means it can continue to invest in quality infrastructure and services across the State, ensuring every Western Australian can access the health care and housing they need and a quality job.
The review follows the Cook Government's release of the 2024-25 Annual Report on the State Finances (ARSF) in September, that delivered a seventh consecutive operating surplus.
The total public sector net debt at 30 June 2025 was $30.2 billion, $3.4 billion lower than projected in the 202526 State Budget, and more than $13 billion lower than forecast by the previous Liberal-National Government.
Western Australia regained its triple-A credit rating from S&P Global in 2022 and Moody's in 2023, and remains one of the few jurisdictions globally, and the only Australian state or territory, to hold the highest rating from both agencies.
As stated by Treasurer Rita Saffioti:
"The WA Government welcomes these results from Moody's, which again highlights our government's continued focus on managing the State's finances responsibly, and is delivering for Western Australians and the national economy.
"Western Australians should be proud that we are the only Australian state or territory with tripleA ratings from both major credit rating agencies, and one of the few jurisdictions globally to achieve this status.
"By responsibly managing the State's finances, we are ensuring our economy remains the strongest in the nation so that we can continue our significant investment in the quality infrastructure and services that Western Australians need and generate quality jobs."
