WA avoids S&P downgrade, outlook stays negative
- Tuesday, 14 July 2015
Standard & Poor's Ratings Services (S&P) resolved its negative credit watch on the state of Western Australia (WA) on July 14, affirming the state's AA+ rating – but retaining a negative outlook. The rating agency expects WA's revenue position to improve in the coming years, but warns that it has little flexibility for expenditure slippage within the AA+ band.
